National Anti-Financial Crime Centre Act 2019 · Updated to 31 Dec 2019 · Part III · Advisory Board
8. Disclosure of interest
Feedback & supportA member of the Advisory Board who has or acquires a direct or indirect interest by himself, through a member of his family or his associate in relation to any matter under discussion by the Advisory Board, shall disclose to the Advisory Board, the fact of his interest and the nature of that interest.
Advisory Board
“Advisory Board” means the Advisory Board established under subsection 5(1).
A disclosure under subsection (1) shall be recorded in the minutes of the meeting of the Advisory Board in which the matter is discussed and after the disclosure, that member—
shall not be present or take part in any discussion or decision of the Advisory Board about the matter; and
shall be disregarded for the purpose of constituting a quorum of the Advisory Board when the matter is discussed or decided upon.
A member of the Advisory Board who fails to disclose his interest as provided under subsection (1) commits an offence and shall, on conviction, be liable to a fine not exceeding five hundred thousand ringgit or to imprisonment for a term not exceeding five years or to both.
No act or decision of the Advisory Board shall be rendered invalid on the ground of the contravention by a member under subsection (3).