Information by banks and financial institutions

(1) Every bank and specified financial institution shall furnish to the Bank at such time and in such manner as the Bank may prescribe such information and data as the Bank may require for the proper discharge of its functions and responsibilities. (2) The Bank may publish in whole or in part at such times as it may decide the information or data furnished under sub- section (1) provided that no information shall be published which would disclose the financial affairs of any person unless the consent of that person has been obtained in writing. (3) Any person who is concerned with furnishing information or data required by the Bank under sub-section (1) who fails or neglects to furnish the information or furnishes such information or data knowing the same to be false or misleading in a material particular commits an offence and shall be liable on summary conviction thereof to a fine not exceeding two thousand dollars or to imprisonment for a term not exceeding two years, or to both such fine and imprisonment.