Brunei
3 regulators · 6 laws & regulations · 7 obligations · 2 enforcement actions
| Law or regulation | Type | Year | Regulator | Summary | Source |
|---|---|---|---|---|---|
| Cybersecurity Act (Chapter 272) | Act | 2023 | CSB | Sets the legal framework for national cybersecurity and for owners of critical… | official |
Sets the legal framework for national cybersecurity and for owners of critical information infrastructure. Essential services in the Schedule include banking and finance. Section 13 allows the Commissioner to issue codes of practice and section 16 requires incident reporting. Originally the Cybersecurity Order, 2023 (S 20/2023), republished as Revised Edition 2024 (B.L.R.O. 2/2024). | |||||
| Notice on Reporting of Fraud Incidents for Banks (Notice No. BU/N-3/2022/74 - Amendment No. 1) | Notification | 2022 | BDCB | Issued under section 66 of the Banking Act, Chapter 95, and applies to all licensed… | official |
Issued under section 66 of the Banking Act, Chapter 95, and applies to all licensed banks. Amendment No. 1 took effect on 30 September 2026. Requires reporting of material fraud and of certain fraud types regardless of materiality. | |||||
| Notice on Early Detection of Cyber Intrusion and Incident Reporting for Financial Institutions (FTU/N-1/2017/1, Amendment No. 2) | Notification | 2017 | BDCB | Issued under section 54 of the Brunei Darussalam Central Bank Order, 2010. Original… | official |
Issued under section 54 of the Brunei Darussalam Central Bank Order, 2010. Original effective 1 January 2018; Amendment No. 2 dated 23 November 2023 took effect on 1 January 2024. Requires financial institutions to notify BDCB of suspected cyber incidents within 1 hour and to assess them within 2 hours. | |||||
| Criminal Asset Recovery Order, 2012 | Act | 2012 | BDCB | Made under Article 83(3) of the Constitution (S 47, gazetted 30 June 2012). Creates money… | official |
Made under Article 83(3) of the Constitution (S 47, gazetted 30 June 2012). Creates money laundering offences, sets customer identification, record-keeping and reporting duties for financial institutions and DNFBPs, sets out the Financial Intelligence Unit's functions (s.30) and provides for restraint, confiscation and non-conviction based forfeiture. | |||||
| Anti-Terrorism Order, 2011 | Act | 2011 | BDCB | Made under Article 83(3) of the Constitution on 18 July 2011. Creates terrorism offences… | official |
Made under Article 83(3) of the Constitution on 18 July 2011. Creates terrorism offences including financing terrorist acts and dealing in terrorist property, gives police powers of arrest, search and interception, provides for seizure, freezing and forfeiture of terrorist property, and requires financial institutions and certain designated businesses to report suspicious transactions to the Financial Intelligence Unit. BDCB also lists amending Orders of 2012 and 2022 and the Anti-Terrorism (Terrorist Financing) Regulations, 2013, which were not read. | |||||
| Banking Act (Chapter 95) (originally the Banking Order, 2006) | Act | 2006 | BDCB | Regulates the licensing and conduct of banking business. BDCB's copy shows it as Revised… | official |
Regulates the licensing and conduct of banking business. BDCB's copy shows it as Revised Edition 2024 (B.L.R.O. 6/2024), amended by S 103/2010, S 110/2010, S 1/2016 and S 17/2021, with the Brunei Darussalam Central Bank as the Authority. Section 66 is the basis of BDCB's fraud-incident reporting notice for banks. | |||||
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