Section 144

An offer under subsection (1) may be made at any time after the offence has been committed, but before any prosecution for it has been instituted.

Where the amount specified in the offer is not paid within the time specified in the offer, or within such extended period as the

Authority may grant, prosecution for the offence may be instituted at any time thereafter against the person to whom the offer was made.

Where an offence has been compounded under subsection (1), no prosecution shall thereafter be instituted in respect of such offence against the person to whom the offer to compound was made.

Any money received by the Authority under this section shall be paid into and form part of the fund established under section 29 of the Labuan Financial Services Authority Act 1996.

*NOTE—Previously “ten”—see subsection 53 of the Labuan Companies (Amendment) Act 2022

184 Laws of Malaysia ACT 441

Procedure where none laid down