Malaysia legislation

Section 5

of MONEY SERVICES BUSINESS (AMENDMENT) ACT 2024

Section 5

Subsection 4(4) of the principal Act is amended by substituting for the words “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” the words “on conviction, shall be punished with imprisonment for a term not exceeding ten years and a fine of not less than fifty thousand ringgit but not exceeding five million ringgit.”.