Central Bank of Malaysia Act 2009 · Updated to 1 Nov 2020 · Part XIV · General
89. Power to compound
Feedback & supportThe Governor may, with the consent in writing of the Public
Prosecutor, offer in writing to compound any offence punishable under this Act or any regulations made under this Act, by accepting from the person reasonably suspected of having committed the offence, such sum of money as he thinks fit not exceeding the amount of the
86 Laws of Malaysia ACT 701
maximum fine to which that person would have been liable if he had been convicted of the offence, within such time as may be specified in the offer.
specified
“specified” means specified under the Act from time to time in writing;
An offer under subsection (1) may be made at any time after the offence has been committed, but before any prosecution for it has been instituted, and if the amount specified in the offer is not paid within the time specified in the offer or within such extended period as the
Governor may grant, prosecution for the offence may be instituted at any time after that against the person to whom the offer was made.
Where an offence has been compounded under subsection (1), no prosecution shall be instituted in respect of the offence against the person to whom the offer to compound was made, and any document or thing seized in connection with the offence may be released by the
Bank, subject to such terms and conditions as the Bank thinks fit.
Bank
“Bank” means Bank Negara Malaysia or in English, the “Central Bank of Malaysia”;
All sums of money accepted under subsection (1) shall be paid into the Federal Consolidated Fund.