Periodic statements and other returns

(1) Every licensee shall, in respect of his operations from within Belize, submit to the Central Bank such returns and information as the Central Bank may prescribe within such time as may be required. (2) The Central Bank may from time to time request any information which it may require for the purposes of this Act from any licensee with respect to its operations, the affairs of a particular person and those of its holding company and its affiliates in Belize or abroad, where in relation to its holding company and its affiliates in Belize or abroad, such information pertains directly to the business and financial relationship between the licensee and such holding company or its affiliates in Belize or abroad. The licensee shall supply such information within such period and in such manner as the Central Bank may require. (3) Any licensee or other person who has reasonable cause to believe that any officer or other person participating in the affairs of the licensee may have committed or aided in the commission of an offence punishable under the Criminal Code or other laws of Belize shall submit a report thereof to the Central Bank within such time and in such manner, and containing such information, as the Central Bank may specify. CAP. 101. (4) Every licensee who fails to comply with the provisions of sub-sections (1), (2) or (3) commits an offence and shall on summary conviction forfeit to the Central Bank a penalty of one thousand dollars for every day the offence continues. (5) Every director, officer or employee of a licensee who knowingly or wilfully supplies false or misleading returns or information to the Central Bank under this section commits an offence and shall be liable on summary conviction to a fine not exceeding ten thousand dollars or to imprisonment for a term not exceeding two years, or to both such fine and term of imprisonment. 46