Malaysia legislation
Section 4
Section 4
(1)
Any person who, whether within or outside Malaysia whether directly or indirectly, whether on behalf of himself or on behalf of any other person, enters into or causes to be entered into any dealing in relation to any property, or otherwise uses or causes to be used, or holds, receives, or conceals any property, knowing or having reason to believe that such property or any part thereof is illegal property, shall be guilty of an offence and shall be sentenced to imprisonment for a term of not less than five years and not more than twenty years.
(2)
Where the property which is the subject matter of an offence under subsection (1) is illegal property by reason
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Laws of Malaysia ACT 340
of its being related to an act, activity or conduct which constitutes an offence referred to in paragraph (a) of the person charged for the offence under subsection (1) shall be liable therefor whether or not any person has been charged with or convicted of the said offence referred to in paragraph (a) of the said definition of ―prohibited activity‖.
(3)
It shall not be an offence under subsection (1)
where—
(a)
the act which constitutes an offence under subsection (1) is committed wholly outside
Malaysia; and
(b)
such act relates to illegal property which is property derived or obtained from or by means of an act, activity or conduct which constitutes an offence exclusively under a foreign law referred to in paragraph (a) of the definition of ―prohibited activity‖ under subsection 2(2).
Forfeiture of property upon conviction for an offence under section 3 or 4