Malaysia legislation
Section 12
Section 12
Activities
(2)
Nothing in section 11 shall prevent the communication of the competent authority’s information under this Part in respect of the affairs of a person by the person authorized under section 9 to—
(a)
if the person is not a company, that person;
(b)
if the person is a company—
(i)
any person who is, or has been, a director or an officer of the company; or
(ii)
any person who is, or has been directly involved in, or responsible for, the preparation of information furnished on behalf of the company; or
(c)
the person who furnished the information to the competent authority.
30 Laws of Malaysia
(3)
No person to whom the competent authority or person authorized under section 9 communicates any information under this
Part and the information does not relate to the affairs of the person shall make a record of the information or disclose, or communicate the information to any person in any circumstances.
(4)
Any person who contravenes subsection (3) commits an offence and shall, on conviction, be liable to a fine not exceeding three million ringgit or to imprisonment for a term not exceeding five years or to both.
(5)
Except where it is necessary to do so for the purposes of carrying into effect the provisions of this Act, a person who obtains information from the competent authority under this Part shall not be required to produce in court any document containing any of the information or to disclose or communicate to any court such information.
Prescription of additional financial institutions