19. Restriction of business

Except with the prior written approval of the Bank, a licensee shall not carry on any business activity other than a money services business activity for which it is licensed under this Act.

Without prejudice to the generality of subsection (1), a licensee shall only carry on a money services business activity for which it is licensed under this Act.

A licensee who contravenes subsection (1) or (2) commits an offence and shall, on conviction, be liable to a fine not exceeding five million ringgit or to imprisonment for a term not exceeding ten years or to both.