Section 5

Whenever the Authority has reason to believe that a person is conducting financing business or Islamic financing business without a licence, he may call for the books, accounts and records of such person in order to ascertain whether or not such person has violated or is violating, any provisions of this Act, and any person wilfully refusing to submit such books, accounts and records is guilty of an offence and liable on conviction to a fine of $4,000 and imprisonment for 2 years.

Upon the conviction of any person for an offence against subsection (1). a Court of a Magistrate shall have power to order the production of any books, accounts and records to the Authority and any person failing to comply with such order is guilty of an offence and liable on conviction to a fine of $4.000 and imprisonment for 2 years and, in the case of a continuing offence, to a fine of $100 for each day during which the offence continues.