Act 102 Banking Act, 1973 PART VII - MISCELLANEOUS
Section 51. Prohibition on receipt of commission by staff.
Any director, officer or employee of a licensed bank or other persons receiving remuneration from the licensed bank, who asks for or receives, consents or agrees to receive any gift (other than a gift of nominal value received during festive occasions), commission, emolument, service, gratuity, money, property or thing of value for his own personal benefit or advantage or for that of any of his relatives, from any person other than from that bank, for procuring or endeavouring to procure for any person any advance, loan or credit facility from that bank or the purchase or discount of any draft, note, cheque, bill of exchange or other obligations by that bank, or for permitting any person to overdraw any account with that bank, shall be guilty of and offence and shall on conviction be liable to a fine not exceeding five thousand dollars or to imprisonment for a term not exceeding three years orsuch fine and imprisonment.
