Section 187
General penalty
of Labuan Financial Services and Securities Act 2010
ActIn forceProvision 186 of 201
Section 187
(1)
A person who contravenes a requirement of this Act commits an offence.
(2)
A person who commits an offence against this Act for which no penalty is expressly provided shall be liable—
(a)
in the case of a body, incorporated or unincorporated, to a fine not exceeding three million ringgit; or
Labuan Financial Services and Securities 179
(b)
in the case of an individual, to a fine not exceeding one million ringgit, and in the case of a continuing offence, shall, in addition, be liable to a daily fine not exceeding five thousand ringgit for each day the offence continues to be committed.