Malaysia legislation
Section 23
of ANTI-MONEY LAUNDERING AND ANTI-TERRORISM FINANCING (AMENDMENT) ACT 2014
Section 23
Amendment of section 26
(a)
in paragraph (1)(b), by substituting for the words “client,”
the word “customer”; and
(b)
in subsection (2)—
(i)
by substituting for the words “one million” the words “three million”;
(ii)
by substituting for the words “one year” the words
“five years”; and
(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”.
Amendment of section 27