Malaysia legislation
Section 21
of ANTI-MONEY LAUNDERING AND ANTI-TERRORISM FINANCING (AMENDMENT) ACT 2014
Section 21
Amendment of section 22
(a)
in subsection (2), by substituting for the words “High
Court” the words “Magistrate’s Court”; and
(b)
in subsection (4)—
(i)
by substituting for the words “one hundred thousand”
the words “one million”;
(ii)
by substituting for the words “six months” the words “three years”; and
Anti-Money Laundering and Anti-Terrorism
Financing (Amendment)
(iii)
by substituting for the words “to a further fine not exceeding one thousand ringgit for each day during which the offence continues after conviction” the words “shall in addition be liable to a fine not exceeding three thousand ringgit for each day or part thereof during which the offence continues to be committed”.
Deletion of section 23