Malaysia legislation

Section 16

of *UNCLAIMED MONEYS ACT 1965

Section 16

(2)

An offer under subsection (1) may be made at any time after the offence has been committed, but before prosecution for it has been instituted, and if the amount specified in the offer is not paid within the time specified in the offer or within such extended period as the

Registrar may grant, prosecution for the offence may be instituted at any time after that against the person to whom the offer was made.

(3)

If an offence has been compounded under subsection (1), no prosecution shall be instituted in respect of the offence against the person to whom the offer to compound was made.

(4)

All sums of money received by the Registrar under this section shall be paid into and form part of the Federal Consolidated Fund.

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