Labuan Islamic Financial Services and Securities Act 2010 · Updated to 15 Oct 2022 · Part XII · General
148. General penalty
Feedback & support(1)
A person who commits an offence under this Act or any regulations made under this Act for which no penalty is expressly provided shall, on conviction, be liable—
(a)
in the case of a body, incorporated or unincorporated, to a fine not exceeding three million ringgit; or
(b)
in the case of an individual, to a fine not exceeding one million ringgit.
(2)
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.