Malaysia legislation

Section 46

of CURRENCY ACT 2020

Section 46

A registered currency processor or a financial institution, or its director or chief executive officer, or any person concerned with its operation or management, commits a breach under this

Act if the registered currency processor or financial institution, or its director or chief executive officer, or any person concerned with its operation or management, fails to comply with or give effect to—

(a)

any provision of this Act; or

Currency 27

(b)

any regulations, standards, specifications, directions or requirements made under this Act.

Power to issue direction