Secrecy and disclosure

(1) No person shall disclose any information relating to the affairs of a licensee or any customer of a licensee which he has acquired in the performance of his duties or the exercise of his functions under this Act except where such information– (a) is lawfully required or permitted by any law or court of competent jurisdiction in Belize; (b) is in respect of the affairs of the licensee or a customer of the licensee with the authority of the licensee or the customer of the licensee which has been voluntarily given, as the case may be; or (c) is disclosed by the Central Bank to a banking regulatory or supervisory authority outside of Belize where such information is considered necessary for that authority to exercise functions similar to those of the Central Bank pursuant to this Act including any information which will assist that foreign authority in its consolidated supervision of a banking group which controls or is affiliated with the (2) Repealed. (3) Every person who contravenes sub-section (1) commits an offence and is liable on summary conviction to a fine not exceeding five thousand dollars or to a term of imprisonment not exceeding six months, or to both such fine and term of imprisonment. Winding-up, Dissolution and Abandoned Property