Malaysia legislation
Section 43
of ANTI-MONEY LAUNDERING AND ANTI-TERRORISM FINANCING (AMENDMENT) ACT 2014
Section 43
Section 49 of the principal Act is amended—
(a)
in subsection (1)—
(i)
by substituting for the word “believe” the word
“suspect”;
(ii)
by inserting after the words “written notice” the word “require”; and
(iii)
in paragraph (a), by deleting the word “require”;
(b)
by inserting after subsection (1) the following subsection:
“(1a) In addition, if the Public Prosecutor is satisfied on information given to him by an investigating officer that it is necessary for the purpose of any investigation under this Act, the Public Prosecutor may by written notice require any person to furnish any information which in the opinion of the Public Prosecutor will be useful for or relevant to an investigation under this
Act within such time as he may specify in relation to any person, question or matter.”;
(c)
in subsection (2)—
(i)
by substituting for the words “records, reports or documents” the words “documents or information”;
and
(ii)
by substituting for the words “subsection (1)” the words “this section”;
(d)
in subsection (3)—
(i)
by substituting for the words “subsection (1)” the words “this section”;
(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”;
(e)
in subsection (4)—
(i)
by deleting the words “or direction”; and
(ii)
by inserting before the word “state” the words
“furnish such information to the Public Prosecutor within the time specified in the notice and to”; and
(f)
in subsection (5)—
(i)
by substituting for the words “records, reports or documents” the words “documents or information”;
and
(ii)
by substituting for the words “subsection (1)” the words “this section”.
Amendment of section 50