Labuan Financial Services and Securities Act 2010 · Updated to 15 Oct 2022 · Part XI · Appeals
187. General penalty
Feedback & supportA person who contravenes a requirement of this Act commits an offence.
person
“person” includes a corporation, partnership, a body of persons, corporate or unincorporated and a corporation sole;
A person who commits an offence against this Act for which no penalty is expressly provided shall be liable—
in the case of a body, incorporated or unincorporated, to a fine not exceeding three million ringgit; or
Labuan Financial Services and Securities 179
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.