Money Services Business Act 2011 · Updated to 1 Oct 2015 · Part V · Money Services Business Agents
46. Money services business agents to comply with provisions of this Act, etc.
Official textFrom Laws of Malaysia Online, unchanged
A money services business agent shall comply with the provisions of this Act and any other requirements as the Bank may prescribe.
money services business agent
“money services business agent” means a person— (a) appointed by a licensee in accordance with section 43 to carry on money services business on behalf of the licensee; and (b) registered by the Bank as a money services business agent under section 44; *NOTE—The Act was repealed by the Financial Services Act 2013 –see section 271…
A money services business agent who contravenes subsection
commits an offence.
Where an offence under this Act has been committed by a money services business agent, the licensee of that agent shall also be guilty of that offence unless the licensee proves to the satisfaction of the court that having regard to all the circumstances the licensee took all reasonable means and precautions to prevent such act or omission.
48 Laws of Malaysia
Terms defined in s 2
money
Defined · s 2“fund” or “money” includes any unit of account or unit of value that facilitates the purchase of goods or services;
money services business agent
Defined · s 2“money services business agent” means a person— (a) appointed by a licensee in accordance with section 43 to carry on money services business on behalf of the licensee; and (b) registered by the Bank as a money services business agent under section 44; *NOTE—The Act was repealed by the Financial Services Act 2013 –see section 271…
Part VI
Examination
Part VII
Investigation and Enforcement
Part VIII
Other Powers of the Bank
Part IX
Miscellaneous
Part X