Malaysia legislation
Section 152
of LABUAN ISLAMIC FINANCIAL SERVICES AND SECURITIES ACT 2010
Section 152
Misrepresentation
(a)
wilfully or recklessly makes a misrepresentation in any document, material or record required to be filed, supplied or delivered under this Act;
(b)
makes any statement or gives any information required under this Act that he knows to be false or misleading;
(c)
knowingly fails to disclose any fact or information required to be disclosed under this Act; or
(d)
being in charge of or having, alone or with another or others, possession of or control over any information, records, books or other documents referred to in the provisions of this Act refuses or wilfully neglects to comply with any lawful direction given under such provisions, commits an offence under this Act and shall, on conviction, be liable to a fine not exceeding one million ringgit or to imprisonment for a period not exceeding three years or to both.
Enforcement