Restriction order

(1) The Board decides that a grave threat to the interests of the peoples of Belize as a consequence of the violation, or suspected violation, by any person of any of the provisions of this Act cannot be prevented or remedied unless it does so, the Board may make an order suspending the transfer of moneys from the Permanent Restricted Account or the making of an (2) A copy of any order made by the Board under subsection (1) of this section shall be, (a) served on the Prime Minister, the Minister of Finance, the Governor, the Central Bank, the Custody Bank and such other persons as the Board decides are appropriate; and (b) provided to the Public Information Office. (3) The Board shall rescind any order made under subsection (1) of this section, when it decides that the grounds on which it was made no longer exist, and a copy of that rescission shall be 38 Management Fund served on every person on whom the order was served, and shall be provided to the Public Information Office. (4) An order under subsection (1) of this section may be vacated by the Supreme Court if it decides that the Board acted unreasonably in making the order or in not rescinding it. (5) The Board shall, within forty-eight hours after making an order under subsection (1) of this section, provide a full written report to the Cabinet and the National Assembly, explaining in adequate detail the reasons for its decision. (6) Any order made under subsection (1) and any report made under subsection (5) shall be privileged, and, without prejudice to subsection (4) of this section, no person shall have any right of action, including for libel, as a consequence thereof. (7) Every person who acts contrary to the terms of any restriction order shall be guilty of an offence and is liable on conviction to a minimum fine of $100,000 but which may extend to a maximum of $500,000, or to imprisonment for a minimum period of 3 years but which may extend to 5 years, or to both fine and period of imprisonment. Audit and Reports of the Fund