Anti-Money Laundering and Anti-Terrorism Financing (Amendment) Act 2014 · s 42

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s 42Amendment of section 48

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”.