Money Services Business Act 2011 · Updated to 1 Oct 2015 · Part IX · Miscellaneous
85. Permitted disclosures
Official textFrom Laws of Malaysia Online, unchanged
The provisions of section 84 shall not apply to the disclosure of any information or document—
to the Bank, or to any director or officer of the Bank, or to any person appointed by the Bank under subsection 3(3), where the disclosure is for the purpose of the exercise of powers, the performance of functions or the discharge of duties of the Bank, or of the director or officer of the
Bank, or of the person appointed under subsection 3(3);
to any person rendering professional services to the Bank in relation to any matter of law, accountancy, valuation, or any other matter requiring professional knowledge, where he is authorized in writing by the Bank to obtain the information from the licensee or money services business agent for the purpose of his services to the Bank;
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of the licensee; and (b) registered by the Bank as a money services business agent under section 44; *NOTE—The Act was repealed by the Financial Services Act 2013 –see section 271…
Money Services Business 85
money
“fund” or “money” includes any unit of account or unit of value that facilitates the purchase of goods or services;
which at the time of the disclosure is, or has already been made, lawfully available to the public from any source other than the licensee or money services business agent;
which is in the form of a summary, consolidation, aggregate or collection of information set out in such manner as does not enable information relating to any particular customer to be ascertained from it;
which the customer, or his personal representative, has given permission in writing to disclose;
where such disclosure is required or authorized under any other provision of this Act;
where such disclosure is required by any court; or
where such disclosure is required or authorized by any court or under any written law.
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 X