Malaysia legislation
Section 48
of ANTI-MONEY LAUNDERING AND ANTI-TERRORISM FINANCING (AMENDMENT) ACT 2014
Section 48
Substitution of section 53
The principal Act is amended by substituting for section 53
the following section:
Quoted provision
Section 53
(a)
the subject-matter or evidence relating to the commission of an offence under subsection 4(1) or a terrorism financing offence;
(b)
terrorist property;
(c)
the proceeds of an unlawful activity; or
(d)
the instrumentalities of an offence, and such property is held or deposited outside Malaysia, he may make an application supported by an affidavit to a judge of the High Court for an order prohibiting the person by whom the property is held or with whom it is deposited from dealing with the property.
(2)
Upon being satisfied that such property is—
(a)
the subject-matter or evidence relating to the commission of an offence under subsection 4(1) or a terrorism financing offence;
(b)
terrorist property;
(c)
the proceeds of an unlawful activity; or
(d)
the instrumentalities of an offence, the Court shall make an order prohibiting the person by whom the property is held or with whom it is deposited from dealing with the property.
(3)
An order made under subsection (2) shall cease to have effect after the expiration of twelve months from the date the order was made if the person against whom the order was made has not been charged with an offence under this Act.”.
Amendment of section 55