Section 52

(1)

Where a report or any part thereof has been produced in any form in respect of a licensee or money services business agent by the Bank upon an examination under section 48 or 49, the report shall not be disclosed by the licensee or money services business agent or any of its directors, chief executive officers, employees or auditors to any other person except in the circumstances provided under subsection (2).

Disclosure of the report referred to in subsection (1) may be made—

In granting a written approval for any disclosure under paragraph (2)(c), the Bank may impose such conditions as it considers appropriate.

The obligation on a director, chief executive officer, employee or auditor referred to in subsection (1) shall continue after the termination or cessation of his appointment or employment with the licensee or money services business agent.

Any person who has any document or information which to his knowledge has been disclosed in contravention of subsection (1)

Any person who contravenes subsection (1), (4) or (5) or fails to comply with any condition imposed under subsection (3) commits an offence.