25. Advertisement

(1)

No person, other than a licensee or a money services business agent, shall issue or publish, or otherwise facilitate any person to issue or publish, an advertisement containing—

(a)

an invitation or offer to enter into any transaction relating to money services business; or

(b)

information which may lead, directly or indirectly, to a transaction relating to money services business.

Provided that the prohibition in this subsection shall not apply to the publication by any person of any such advertisement for or on behalf of a licensee or a money services business agent.

(2)

No person shall issue, publish, or otherwise facilitate any person to issue or publish an advertisement relating to money services business which he knows to be misleading, false or deceptive in a material particular.

(3)

Any person 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.

Report

Read on from s 26

Part IV

Remittance Business

Read on from Part IV

Part V

Money Services Business Agents

Read on from Part V

Part VI

Examination

Read on from Part VI

Part VII

Investigation and Enforcement

Read on from Part VII

Part VIII

Other Powers of the Bank

Read on from Part VIII

Part IX

Miscellaneous

Read on from Part IX

Part X

Repeal, Savings and Transitional

Read on from Part X