Banking Secrecy in Malaysia

Authors

  • May Fong Cheong

Abstract

The duty of confidentiality of secrecy owed by a bank towards its customer is a vital aspect of the banker and customer relationship. This is a contractual duty implied by the common law and the leading case is Tournier v National Provincial and Union Bank of England. Besides the contractual duty, a bank is also under a statutory duty of secrecy imposed by the Banking and Financial Institutions Act 1989 (hereinafter referred to as the "BAFIA"). 

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Published

2019-01-14

How to Cite

Cheong, M. F. (2019). Banking Secrecy in Malaysia. Journal of Malaysian and Comparative Law, 20(1 and 2), 157–182. Retrieved from https://mjlis.um.edu.my/index.php/JMCL/article/view/16082