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(a)

with intent to deceive: (i)

makes any false or misleading statement or entry;

(ii)

omits any statement or entry that should be made in any book, account, report or statement of the licensed financial institution or licensed financial holding company; or

(b)

obstructs or endeavours to obstruct: (i)

the proper performance by an auditor of his duties in accordance with the provisions of this Act; or a lawful examination of the licensed financial institution or licensed financial holding company by a duly authorised examiner appointed by the Central Bank,

(ii)

commits an offence and is liable on summary conviction to a fine not exceeding fifteen thousand dollars or to imprisonment for a term not exceeding two years or to both such fine and imprisonment.

Management's duty of compliance with the requirements of the laws 112. Any director, officer, secretary or other officer concerned in the management of a licensed financial institution or licensed financial holding company who: (a) fails to take all reasonable steps to secure compliance by the licensed financial institution or the licensed financial holding company with the requirements of this Act; or (b) is implicated in an offence committed under section 93, commits an offence and is liable on summary conviction to a fine not exceeding fifteen thousand dollars or to imprisonment for a term not exceeding two years or to both such fine and imprisonment, unless a different penalty is specified by another section of this Act.

Liability of directors, officers and partners 113. (1) Where an offence under this Act has been committed by a body of persons which is:

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