Money Services Business Act 2011 · Updated to 1 Oct 2015 · Part IX · Miscellaneous
Money Services Business Act 2011 · Updated to 1 Oct 2015 · Part IX · Miscellaneous
Official textFrom Laws of Malaysia Online, unchanged
Where any person would be liable under this Act to any punishment or penalty for any act, omission, neglect or default, such person shall be liable to the same punishment or penalty for every such act, omission, neglect or default of any employee or agent of his or of the employee of such agent, if such act, omission, neglect or default was committed by the employee of the person in the course of his employment, or by the agent when acting on behalf of the person, or by the employee of such agent in the course of his employment by such agent or otherwise on behalf of the agent.
Nothing under subsection (1) shall absolve an agent, officer or employee from any liability for an offence.
Money Services Business 83
money
“fund” or “money” includes any unit of account or unit of value that facilitates the purchase of goods or services;
money
“fund” or “money” includes any unit of account or unit of value that facilitates the purchase of goods or services;
Part X