Malaysia legislation
Section 29
of ANTI-MONEY LAUNDERING AND ANTI-TERRORISM FINANCING (AMENDMENT) ACT 2014
Section 29
Section 32 of the principal Act is amended—
(a)
in paragraph (2)(b), by substituting for the words
“record, report or document” the words “document or information”;
(b)
by substituting for subsections (3) and (4) the following subsections:
“(3) A person to whom an order under paragraph
(2)
has been given shall—
(a)
attend the examination in accordance with the terms of the order, and shall continue to attend from day to day where so directed until the examination is completed; and
(b)
during such examination, disclose all information which is within his knowledge, or which is available to him, in respect of the matter in relation to which he is being examined, and answer any question put to him truthfully and to the best of his knowledge and belief, and shall not refuse to answer any question on the ground that it tends to incriminate him or his spouse.
Anti-Money Laundering and Anti-Terrorism
Financing (Amendment)
(4)
A person to whom an order under paragraph
(2)
has been given shall, in his statement, furnish and disclose truthfully all information required under the order which is within his knowledge, or which is available to him, or which is capable of being obtained by him, and shall not refuse to furnish or disclose the information on the ground that it tends to incriminate him or his spouse.”;
(c)
by deleting subsection (5);
(d)
in subsection (6), by substituting for the words “subsections
(4)
and (5)” the words “subsections (3) and (4), as the case requires”; and
(e)
in subsection (8)—
(i)
in paragraph (b), by substituting for the words
“subsection (4)” the words “subsection (3)”;
(ii)
by substituting for the words “one million” the words “three million”;
(iii)
by substituting for the words “one year” the words
“five years”; and
(iv)
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 33