Malaysia legislation

Section 12

of ANTI-MONEY LAUNDERING AND ANTI-TERRORISM FINANCING (AMENDMENT) ACT 2014

Section 12

Subsection 12(4) of the principal Act is amended—

(a)

by substituting for the words “one million” the words

“three million”; and

(b)

by substituting for the words “one year” the words “five years”.

New section 12a

Section 12 — ANTI-MONEY LAUNDERING AND ANTI-TERRORISM FINANCING (AMENDMENT) ACT 2014