Malaysia legislation
Section 8
of ANTI-MONEY LAUNDERING AND ANTI-TERRORISM FINANCING (AMENDMENT) ACT 2014
Section 8
Subsection 6(5) of the principal Act is amended—
(a)
by substituting for the words “fifty thousand” the words
“one million”;
(b)
by substituting for the words “one year” the words “three years”; and
(c)
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 8