80.
| (1) Any person who, being a director, manager, officer or employee of a licensed commercial bank
| | (a) fails to take all reasonable steps to secure compliance by the licensed commercial bank with the requirements of that Act; or | | |
| | (b) fails to comply with any direction issued by the Monetary Board under the provisions of this Act; | | |
| | (c) fails to take all reasonable steps to secure the correctness of any statement submitted under the provisions of this Act; | | |
| | (d) willfully makes a false entry or causes such an entry to be made in any book or record or in any report, slip, document, or statement of the business, affairs, transactions, conditions, assets or liabilities or accounts of such licensed commercial bank; or | | |
| | (e) willfully omits to make an entry in any book or record in any report, slip, document or statement of the business, affairs, transactions, conditions, assets or liabilities or accounts of such licensed commercial bank or willfully causes any such entry to be omitted ; or | | |
| | (f) willfully alters abstracts, conceals or destroys an entry in any book or record or in any report, slip, document, or statement of the business, affairs, transactions, conditions, assets or liabilities or accounts of such licensed commercial bank or willfully causes any such entry to be altered, abstracted, concealed or destroyed, | | |
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| (2) In any proceedings against a person under subsection (1) it shall be a defence to prove that be had reasonable grounds to believe that another person was charged with the duty of securing compliance with the requirements of this Act or with the duty of ensuring that these statements were accurate and that such person was competent and in a position to discharge that duty. |
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Sri Lanka Consolidated Acts