Malaysia legislation

Section 18

of AKTA KEWANGAN 2021

Seksyen 18

Seksyen baharu 106a

seksyen yang berikut:

“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;

(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].”.

Pindaan seksyen 107c