Section 24
Subsection 27(2) of the principal Act is amended—
of Anti-Money Laundering and Anti-Terrorism Financing (Amendment) Act 2014
Amendment ActIn forceProvision 24 of 78
Section 24
(a)
by substituting for the words “one million” the words
“three million”;
(b)
by substituting for the words “one year” the words “five 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”.