Section 73

every council member, supervisory person, officer, or secretary of a Labuan foundation shall at all times regard and deal with all documents and information relating to a Labuan foundation as secret and confidential; and

no council member, supervisory person, officer, or secretary of a Labuan foundation shall at any time be required to produce to or before any Court, tribunal, board, committee of inquiry or any other authority or to divulge to any such authority any matter or thing coming to his notice or being in his possession for any reason, where such matter or thing relates to a Labuan foundation.

Any council member, supervisory person, officer, or secretary of a Labuan foundation who, except as is required, permitted or otherwise provided by this Act, the Court, or the constituent document, at any time communicates or attempts to communicate any matter or thing relating to a Labuan foundation to any person commits an offence and shall, upon conviction, be liable to a fine not exceeding one million ringgit or to imprisonment for a term not exceeding three years or to both.

Prosecution