Malaysia legislation

Section 82

of LABUAN FINANCIAL SERVICES AND SECURITIES ACT 2010

Section 82

(2)

Any Labuan trust company which contravenes subsection (1)

commits an offence and shall, on conviction, be liable to a fine not exceeding one million ringgit or to imprisonment for a term not exceeding three years or to both.

Money paid to a Labuan trust company to be held in trust

Section 82 — LABUAN FINANCIAL SERVICES AND SECURITIES ACT 2010