Malaysia legislation

Section 51

of Act 627

Section 51

(2)

A financial institution or any agent or officer of a financial institution shall not, on account of complying with an order under subsection (1), be liable to any prosecution under any law or to any proceedings or claim by any person under any law or under any contract, agreement, or arrangement, or otherwise.

(3)

Any person who fails to comply with an order under subsection (1) commits an offence.

(4)

In this section, "monetary instrument" includes the domestic currency or any foreign currency, travellers' cheque, personal cheque, bank cheque, money order, investment security or negotiable instrument in bearer form or otherwise in such form that title to it passes upon delivery or upon delivery and endorsement.

Dealing with property after seizure to be void

Section 51 — Akta 627 | mylaw.my