Banking secrecy in Malaysia : A legal myth / Abd. Razak Said

This article intends to prove that banking secrecy in Malaysia is a legal myth, and not being greatly imphasized during every day banking practice and not being treated as sacred by the government. The discussion begins, with discussion about the practice in the Malaysian banks and the provisions of...

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Bibliographic Details
Main Author:	Said, Abd. Razak
Format:	Student Project
Language:	English
Published:	Faculty of Law 1987
Subjects:	K Law in general. Comparative and uniform law. Jurisprudence KP Asia and Eurasia, Africa, Pacific Area, and Antarctica. Asia. (South Asia. Southeast Asia. East Asia)
Online Access:	http://ir.uitm.edu.my/id/eprint/27966/ http://ir.uitm.edu.my/id/eprint/27966/1/PPd_ABD.%20RAZAK%20SAID%20LW%2083_5.pdf

id	uitm-27966
recordtype	eprints
spelling	uitm-279662020-01-30T08:16:56Z http://ir.uitm.edu.my/id/eprint/27966/ Banking secrecy in Malaysia : A legal myth / Abd. Razak Said Said, Abd. Razak K Law in general. Comparative and uniform law. Jurisprudence KP Asia and Eurasia, Africa, Pacific Area, and Antarctica. Asia. (South Asia. Southeast Asia. East Asia) This article intends to prove that banking secrecy in Malaysia is a legal myth, and not being greatly imphasized during every day banking practice and not being treated as sacred by the government. The discussion begins, with discussion about the practice in the Malaysian banks and the provisions of the Malaysian Banking Act 1975. Case law study too is done in order to have a better understanding of the principle. To prove the hypotheses, exceptions from the Malaysian Banking Act 1975 and also explanations from case law will be analysed. Tournier v National Provincial and Union Bank of England (1924) 1KB 461 give the best account on the principle and its exceptions. So, this case can be said as the core of this discussion* The case gives a number of qualifications and limitations tor banking secrecy and its broadness helps to prove the hypothesis. Other normal practices which deviate from the rule are looked into. To provide for a better view of the practice in Malaysia, comparisons are made with practices in countries like Switzerland, which is well known for its exercise of the principle, and also Singapore, which though basically have a similar banking law with Malaysia, has a special feature in that it has implemented the system of numbered accounts which emphasize on confidentiality. From all these facts a conclusion will be made and a discussion for its justifiability will be done. Faculty of Law 1987 Student Project NonPeerReviewed text en http://ir.uitm.edu.my/id/eprint/27966/1/PPd_ABD.%20RAZAK%20SAID%20LW%2083_5.pdf Said, Abd. Razak (1987) Banking secrecy in Malaysia : A legal myth / Abd. Razak Said. [Student Project] (Unpublished)
repository_type	Digital Repository
institution_category	Local University
institution	Universiti Teknologi MARA
building	UiTM Institutional Repository
collection	Online Access
language	English
topic	K Law in general. Comparative and uniform law. Jurisprudence KP Asia and Eurasia, Africa, Pacific Area, and Antarctica. Asia. (South Asia. Southeast Asia. East Asia)
spellingShingle	K Law in general. Comparative and uniform law. Jurisprudence KP Asia and Eurasia, Africa, Pacific Area, and Antarctica. Asia. (South Asia. Southeast Asia. East Asia) Said, Abd. Razak Banking secrecy in Malaysia : A legal myth / Abd. Razak Said
description	This article intends to prove that banking secrecy in Malaysia is a legal myth, and not being greatly imphasized during every day banking practice and not being treated as sacred by the government. The discussion begins, with discussion about the practice in the Malaysian banks and the provisions of the Malaysian Banking Act 1975. Case law study too is done in order to have a better understanding of the principle. To prove the hypotheses, exceptions from the Malaysian Banking Act 1975 and also explanations from case law will be analysed. Tournier v National Provincial and Union Bank of England (1924) 1KB 461 give the best account on the principle and its exceptions. So, this case can be said as the core of this discussion* The case gives a number of qualifications and limitations tor banking secrecy and its broadness helps to prove the hypothesis. Other normal practices which deviate from the rule are looked into. To provide for a better view of the practice in Malaysia, comparisons are made with practices in countries like Switzerland, which is well known for its exercise of the principle, and also Singapore, which though basically have a similar banking law with Malaysia, has a special feature in that it has implemented the system of numbered accounts which emphasize on confidentiality. From all these facts a conclusion will be made and a discussion for its justifiability will be done.
format	Student Project
author	Said, Abd. Razak
author_facet	Said, Abd. Razak
author_sort	Said, Abd. Razak
title	Banking secrecy in Malaysia : A legal myth / Abd. Razak Said
title_short	Banking secrecy in Malaysia : A legal myth / Abd. Razak Said
title_full	Banking secrecy in Malaysia : A legal myth / Abd. Razak Said
title_fullStr	Banking secrecy in Malaysia : A legal myth / Abd. Razak Said
title_full_unstemmed	Banking secrecy in Malaysia : A legal myth / Abd. Razak Said
title_sort	banking secrecy in malaysia : a legal myth / abd. razak said
publisher	Faculty of Law
publishDate	1987
url	http://ir.uitm.edu.my/id/eprint/27966/ http://ir.uitm.edu.my/id/eprint/27966/1/PPd_ABD.%20RAZAK%20SAID%20LW%2083_5.pdf
first_indexed	2023-09-18T23:19:19Z
last_indexed	2023-09-18T23:19:19Z
_version_	1777419325129359360

Banking secrecy in Malaysia : A legal myth / Abd. Razak Said

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