Currency Act 2020 · Updated to 28 Feb 2020 · Part IV · Currency Processing Business
38. Bank, registered currency processor and financial institution to record personal information of person from whom currency is detained
Feedback & supportUpon detention of the currency note or currency coin under section 37, it shall be lawful for the Bank, registered currency processor and financial institution to record the personal information including the name, national registration identification number and address of the person from whom the currency note or currency coin is detained by the Bank, registered currency processor and financial institution, including—
currency note
“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
the personal information of its legal or beneficial owner;
and
the personal information of its carrier or any person having in his possession the detained currency note or currency coin prior to the detention.
The person from whom the currency note or currency coin is detained under section 37 shall provide the information required under subsection (1) to the Bank, registered currency processor and financial institution.
person
“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;
Any person who contravenes subsection (2) commits an offence and shall, on conviction, be liable to a fine not exceeding twenty thousand ringgit.
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