Malaysia legislation
Section 2
Section 2
(a)
the sorting of currency note or currency coin by authenticity or quality; or
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(b)
the packing of currency note or currency coin by quality, quantity or denomination;
“Bank” has the same meaning assigned to it in subsection 2(1)
of the Central Bank of Malaysia Act 2009 [Act 701];
“Governor” means the Governor of the Bank;
“financial institution” means—
(a)
a licensed bank under the Financial Services Act 2013
[Act 758], a licensed Islamic bank under the Islamic
Financial Services Act 2013 [Act 759] and a prescribed institution under the Development Financial Institutions
Act 2002 [Act 618]; or
(b)
any person declared as a financial institution in the
First Schedule;
“instruments and materials” includes—
(a)
relating to currency note, origination film, progressive, plate, proof, and unprinted, semi-printed or finished currency note;
(b)
relating to currency coin, design, mould, lettering wheel, punch, collar, die, working tool, rimming and lettering block, coin blank and finished currency coin; and
(c)
any apparatus, equipment and machinery which are related to the issuance, printing or minting of currency note or currency coin;
“Monetary Penalty Review Committee” means the Monetary
Penalty Review Committee established under section 238 of the
Financial Services Act 2013;
“computer” has the same meaning assigned to it in section 3
of the Evidence Act 1950 [Act 56];
“currency note” means a note issued by the Bank including a commemorative note issued by the Bank for, or to commemorate, a particular event or purpose;
Currency 9
“currency coin” means a coin issued by the Bank including a commemorative coin issued by the Bank for, or to commemorate, a particular event or purpose;
“Minister” means the Minister charged with the responsibility for finance;
“person” means any natural person, corporation, statutory body, local authority, society, trade union, co-operative society, partnership or any other body, organisation, association or group of persons, whether corporate or unincorporated and includes the
Government and any State Government;
“computer output” means a statement or representation, whether in written, printed, pictorial, film, graphical, acoustic or other form—
(a)
produced by a computer;
(b)
displayed on the screen of a computer; or
(c)
accurately translated from a statement or representation so produced;
“registered currency processor” means a person registered under subsection 26(1) to carry on a currency processing business and for the purpose of Division 3 of Part IV includes any financial institution carrying on currency processing activities;
“currency processing business” means—
(a)
the business of—
(i)
collecting currency note or currency coin;
(ii)
sorting currency note or currency coin by authenticity and quality; and
(iii)
packing currency note or currency coin by quality, quantity and denomination, by a person for or on behalf of another person; or
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(b)
any activity declared as a currency processing business under section 23.
(2)
A currency note shall be deemed defaced—
(a)
if any word, sign, symbol, drawing, caricature, or other thing, has been written, inscribed or in any other manner or by any other means has been shown on its surface;
or
(b)
if the currency note is torn, marred, burnt, stained, spoilt or otherwise in any manner mutilated.
(3)
A currency coin shall be deemed tampered with—
(a)
if the currency coin is impaired, diminished or lightened otherwise than by fair wear and tear; or
(b)
if the currency coin is stamped, engraved or pierced, regardless whether the coin has been diminished or lightened.
Person declared as financial institution