Malaysia legislation

Section 83

of LABUAN FINANCIAL SERVICES AND SECURITIES ACT 2010

Section 83

(2)

Any Labuan trust company which fails to comply with the requirement of subsection (1) and every officer of that Labuan trust company who is in default 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.

Commission, fees, charges and expenses levied by a Labuan trust company