Malaysia legislation

Section 37

of MALAYSIAN ANTI-CORRUPTION COMMISSION ACT 2009

Section 37

(1a)

An officer of the Commission shall forthwith notify Bank

Negara Malaysia, the Securities Commission or the Labuan

Financial Services Authority, as the case may be, of any order made under subsection (1).

Malaysian Anti-Corruption Commission 47

(2)

A financial institution or any agent or employee of a financial institution shall not, on account of such compliance, be liable to any prosecution under or by virtue of any law or to any proceeding or claim by any person under or by virtue of any law or under or by virtue of any contract, agreement, or arrangement, or otherwise.

(3)

A person who fails to comply with an order of the Public

Prosecutor under subsection (1) commits an offence and shall on conviction be liable to a fine not exceeding two times the amount which was paid out in contravention of the Public Prosecutor’s order or fifty thousand ringgit, whichever is the higher, and to imprisonment for a term not exceeding two years.

Seizure of immovable property