In forceUpdated to 2 Jan 2025Read it in Bahasa Malaysia

Contents

Islamic Financial Services Act 2013 · Updated to 2 Jan 2025 · Part XVI · Enforcement and Penalties

249. Monetary Penalty Review Committee

(1)

There shall be established a committee to be known as the

Monetary Penalty Review Committee for the purposes of section 248.

(2)

The Monetary Penalty Review Committee shall consist of not less than three but not more than five members appointed by the

Minister from amongst non-executive directors of the Bank or other persons.

(3)

The Monetary Penalty Review Committee may determine its own procedures.

Civil actions

Report

Part XVII

General Provisions

Part XVIII