Brunei
3 regulators · 6 laws & regulations · 7 obligations · 2 enforcement actions
| Obligation | Timing | Regulator | Arises from | Source | Detail |
|---|---|---|---|---|---|
| All industries | |||||
| Consent, notification and data subject access and correction | — | — | — | official | |
Sections 8 and 10 require consent (or deemed consent) before personal data is collected, used or disclosed, with purposes notified under section 17. Section 18 gives a right of access and section 19 a right of correction. Section 13 allows withdrawal of consent on reasonable notice. |
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| Personal data breach notification to AITI | Deadline No later than 3 days after assessing the breach as notifiable (s.28(1)) | — | — | official | |
Section 28(1) requires an organisation to notify the Authority as soon as practicable and no later than 3 days after assessing a breach as notifiable. Section 28(2) requires notification of affected individuals where significant harm is likely. Section 27(1) requires the assessment to be carried out in a reasonable and expeditious manner. |
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| Banking | |||||
| AML record retention | Retention period 7 years from completion of the transaction | BDCB | Criminal Asset Recovery Order, 2012 | official | |
Section 14(4) requires records to be kept for at least 7 years from the date the relevant transaction was completed. |
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| AML/CFT compliance programme and compliance officer | — | BDCB | Criminal Asset Recovery Order, 2012 | official | |
Section 22(1) of the Criminal Asset Recovery Order, 2012 requires institutions to develop and implement programmes for preventing money laundering and terrorist financing. Section 22(2) requires a compliance officer at management level responsible for ongoing compliance. |
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| Cyber incident reporting by financial institutions | Deadline Within 1 hour of discovery; assessment within 2 hours | BDCB | Notice on Early Detection of Cyber Intrusion and Incident Reporting for Financial Institutions (FTU/N-1/2017/1, Amendment No. 2) | official | |
Paragraph 4.1 requires notification to BDCB's Technology Risk team within 1 hour of discovering a suspected incident. Paragraph 4.2 requires an assessment and notification within 2 hours, and paragraph 4.4 requires updates at least twice every calendar day once an incident is confirmed. |
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| Fraud incident reporting by banks | Deadline 1 working day (notice); 5 working days (form); 10 working days after resolution (summary) | BDCB | Notice on Reporting of Fraud Incidents for Banks (Notice No. BU/N-3/2022/74 - Amendment No. 1) | official | |
Paragraph 4.2 requires notification to BDCB no later than 1 working day after detection, the reporting form within 5 working days and a resolution summary within 10 working days of resolution. Paragraph 4.1A requires reporting of certain fraud types regardless of materiality. |
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| Suspicious transaction reporting to the Financial Intelligence Unit | Deadline Promptly after forming a suspicion (s.15(1)) | BDCB | Criminal Asset Recovery Order, 2012 | official | |
Section 15(1) requires institutions to submit a report to the FIU promptly after forming a suspicion. BDCB accepts reports through its Integrated Financial Intelligence System (IFIS). |
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| No obligations match these filters. | |||||