What laws apply to unauthorised bank information release?

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Applicable Laws for Unauthorised Bank Information Release

The Wall Street Journal (WSJ) is to be investigated for potential offences related to the unauthorised release of banking information. This action follows numerous reports received by the special taskforce investigating 1Malaysia Development Bhd (1MDB) concerning leaks of banking information. Leaking confidential bank documents is an offence punishable under several Malaysian laws, with potential consequences including significant fines and lengthy imprisonment.
Computer Crimes Act

Investigations will be conducted under Section 4 of the Computer Crimes Act. This section addresses unauthorised access to computer material with the intent to commit or facilitate a further offence. Individuals found guilty under this act can face a maximum fine of RM150,000, a jail term of up to 10 years, or both.
Penal Code and Sosma Procedures

Further investigations will also proceed under the Penal Code, adhering to the procedures outlined in the Security Offences (Special Measures) Act (Sosma). This approach is taken due to the potential for such leaks to be construed as "sabotage" affecting the nation's economy.
Penal Code Section 124L

Under Section 124L of the Penal Code, individuals found to be committing "sabotage" by releasing bank information face a severe penalty of 15 years' imprisonment. This provision underscores the seriousness with which the authorities view actions that could destabilise the country's economic standing.

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What laws apply to unauthorised bank information release?

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