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mylaw.myby aturio
In forceUpdated to 1 Oct 2015Read it in Bahasa Malaysia
Contents

Part V · Money Services Business Agents

45. Prohibition from carrying on money services business on behalf of a licensee

(1)

No person shall carry on money services business on behalf of a licensee unless the person is—

(a)

a company;

(b)

appointed by a licensee under section 43; and

(c)

duly registered by the Bank as a money services business agent under section 44.

(2)

Any person who contravenes subsection (1) 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 46

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

Schedules