Malaysia legislation
Section 18
Section 18
New section 106a
The principal Act is amended by inserting after section 106
the following section:
“Power to call for bank account information for purpose of making garnishee order application 106a. (1) Where civil proceedings have been instituted against a person under section 106 and a judgement has been obtained against the person, the Director General may by notice under his hand require any financial institution to furnish within a time specified in the notice, the bank account information of that person, if any, for the purpose of making an application to court for a garnishee order.
(2)
Where a financial institution is required to furnish bank account information in accordance with subsection (1), that financial institution shall not disclose to any person that such request was made to the financial institution.
(3)
In this section, “financial institution” means—
(a)
any person licensed under the Financial Services
Act 2013 to carry on a banking business in
Malaysia;
Finance 19
(b)
any person licensed under the Islamic Financial
Services Act 2013 to carry on an Islamic banking business in Malaysia; or
(c)
any development financial institution prescribed under the Development Financial Institutions
Act 2002 [Act 618].”.
Amendment of section 107c