Section 93
of Labuan Financial Services and Securities Act 2010
Section 93
A bank licensee shall at all times affix or paint, and keep affixed or painted, in a prominent position on the outside of each of its offices and so as to be easily legible, its name, licence number and the words “licensed Labuan bank” or “licensed
Labuan investment bank”, as the case may be.
(2)
A bank licensee shall, in any bill-head, printed form, letter paper, notice, advertisement, or any other document issued from its office and in the course of its business, prominently print its name, licence number and the words “licensed Labuan bank” or
“licensed Labuan investment bank”, as the case may be.
(3)
No person, not being a bank licensee, shall, without the written consent of the Authority, assume or use the words
“licensed Labuan bank”, “licensed Labuan investment bank” or any derivative of such words in any language capable of being construed as indicating the carrying on of Labuan banking business or Labuan investment banking business by such person.
(4)
Any person who contravenes subsection (3) commits an offence and shall, on conviction, be liable to a fine not exceeding ten million ringgit or to imprisonment for a term not exceeding five years or to both, and in the case of a continuing offence, shall in addition, be liable to a daily fine not exceeding ten thousand ringgit for each day the offence continues to be committed.