Malaysia legislation

Section 43

of BANK SIMPANAN NASIONAL BERHAD ACT 1997

Section 43

(2)

Subsection (1) shall be without prejudice to, and shall not in any manner derogate from, any other power conferred on the

Minister or an investigating officer under this Act.

(3)

Where the Bank fails to comply with subsection (1), it shall be guilty of an offence and shall on conviction be liable to a fine not exceeding three million ringgit and, in the case of a continuing offence, to a further fine not exceeding three thousand ringgit for each day during which the offence continues after conviction.

(4)

Where the Bank is guilty of an offence under subsection (3), any person who at the time of the commission of the offence was a person responsible for the Bank shall also be guilty of that offence and shall on conviction be liable to a fine not exceeding three million ringgit or to imprisonment for a term not exceeding three years or to both and, in the case of a continuing offence, to a further fine not exceeding three thousand ringgit for each day during which the offence continues after conviction.