Section 82

Any financial institution for which the regulations are made or to which directions are issued under subsection (1) shall comply with the regulations or directions notwithstanding any other duty imposed on the financial institution by any contract or law or international agreement.

Any financial institution shall not, in carrying out any act in compliance with the regulations made or directions issued under subsection (1), be treated as being in breach of any such contract or law or international agreement.

Any financial institution who fails to comply with subsection

commits an offence and shall, on conviction, be liable to a fine not exceeding one hundred thousand ringgit.

82 Laws of Malaysia ACT 701