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  • Anti Money Laundering Act 2001 Updated Version 2011

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    Malaysia's Anti Money Laundering Act 2001 updated Version 2011

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    Anti Money Laundering Act 2001 updated Version 2011

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    Malaysia's Anti Money Laundering Act 2001 updated Version 2011

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    © All Rights Reserved
    Download as PDF or read online from Scribd
    Flag for inappropriate content
    11 views48 pages

    Anti Money Laundering Act 2001 Updated Version 2011

    Uploaded by

    misterpringles
    Malaysia's Anti Money Laundering Act 2001 updated Version 2011

    Copyright:

    © All Rights Reserved
    Download as PDF or read online from Scribd
    Flag for inappropriate content
    of 48
    seiove012 [AneMoney Laundering and ani-Terorem Finencing Act 2001 (Act 613) LAWS OF MALAYSIA Act 613 Anti-Money Laundering and Anti Terrorism Financing Act 2001 Date of Royal Assent 25-Jun-2001 Dato of publication in the Gazotta e-duL2004 An Act to provide for the offence of money laundering, the meacures tobe Aa.ar202. taken for the prevention of money laundering and torroriom financing offences and to provide for the forfeiture of lerrorisl property and property invelved in, or derived from, manay laundering and terrorism financing offences, and for ‘alters incidental thereto and connected therewith, [18 January 2002] ue) rs2002. ARRANGEMENT OF SECTIONS Paarl PRELIMINARY 4, Shor ttle and commencement 2. Application 3. Intarpretation Prarit MONEY LAUNDERING OFFENCES. ‘4. Offence of money laundering 13. “4 eww onm.govmyfindex.php?en=148pa=" Protection of informers and information Restriction on revealing disclosure under section § Pace FINANCIAL INTELLIGENCE: Functions of the competent authority Provisions relating to the competent authority ‘Authorisation to release information . Communication to a foreign State Prohibited disclosure . Permitted disclosure Poser REPORTING OBLIGATIONS, Recordkeeping by reporting institutions Report by reporting institutions TR20=8TOStpL_K=BBIUI=1 Spr 1me | | 00112012 15. 16. 17. 18. 18, 2. SB %. 28. 2. 28. 30. a 2 33. S$ & 239. 40, at. 42, a7. 58. Anil Monay Laundering and Anté-Terosiom Financing Act 2001 (Act 619) CCentralisation of information Identification of account holder Retention of records ‘Opening account in false name ‘Compliance programme ‘Secrecy obligations overridden |. Obligations of supervisory oF licensing authority Powers to enforce compliance . Currency reporting at border Protection of persone reporting Baamination of @ reporting institution [Examination of person other than @ reporting instkution Appearance before examiner Destruction of examination records Paar INVESTIGATION 3. Investigation by competent authonily and enforcement agencies ‘Appointment of investigating officer Powers of an investigating officer Power to examine persons ‘Search of person Obstruction to exercise of powers by an investigating officer 3. Tipping-off 1. Requirement to provide transtation Delivery of propeny. record. report or document. 3. Selzing of property, record, report or document Release of property, record, reporter document seized ‘Statement to be admissible Investigating officer may arrost without warrant ‘Arrested person to be made over to police officer . Investigating officer deemed to be public servant and public officer Part VL FREEZING, SEIZURE AND FORFESTURE. . rooting of property Seiaire of movable property Further provisions relating to seizure of movable property Advocates and solicitors to disclose information Investigation powers in retation to @ nnancial institution Public Prosecutor's powers to abtain information 1. Setzure of movable property in financial institution ‘Setaure of immovable property .. Special provisions retating to seizure of a business Prohibition of dealing with property outside Malaysia . Dealing with property after seizure to be void Forfeiture of property upon prosecullon for an offence Forfeiture of property where there is no prosecution Validity of freeze, setaure or sale Vesting of forfeited property in the Federal Government wr. bnim.gov.mylindex.phpche14&ipg=17Bacr€798rpt_ld-OBIull= 189. 7 se ra1owe012 865, 668. ese. 665, eer. 67. ea. 70. 7m, sew oon gov nyfindex php?

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