Duty of bank Manager
16 Duty of bank Manager
The Manager or other principal officer of a bank with which a licensee has deposited any money whether in his own account or in any trust account, shall disclose each such account to any person authorised in writing by the Minister to examine the account, upon demand in writing delivered to him personally by the person so authorised and to permit that person to inspect and make and take with him a copy of or extract from each account and of or from any book, account, document or writing in the possession of the Manager or principal officer that relates to any of those accounts.
Penalty for this subsection: a fine of $25 000.
For the purposes of this section the expression licensee includes a person whose licence has expired or has been cancelled, suspended or surrendered.
[Section 16 amended: No. 25 of 2019 s. 25.]
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