Malaysia legislation
Section 42
of ANTI-MONEY LAUNDERING AND ANTI-TERRORISM FINANCING (AMENDMENT) ACT 2014
Section 42
Section 48 of the principal Act is amended—
(a)
by substituting for the words “record, report, document”
wherever they appear the words “document, information”;
(b)
in paragraph (2)(a), by substituting for the words
“record, report or document” the words “document or information”;
(c)
in subsection (3), by substituting for the word “securities”
the words “capital market products”; and
(d)
in subsection (4)—
(i)
by substituting for the words “one million” the words “three million”;
Anti-Money Laundering and Anti-Terrorism
Financing (Amendment)
(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 49