Legal Firm & Law Firm In Kuala Lumpur, Malaysia

Money Changing Act

Money Changing Act

(1) No person shall carry on money-changing business without a licence granted under this Act.

(2) Any person who contravenes subsection (1) shallbe guilty of an offence and shall on conviction be liable to a fine not exceeding one hundred thousand ringgit or to imprisonment for a term not exceeding five years or to both.