33. Amendment of section 36

Section 36 of the principal Act is amended—

(a)

in subsection (1)—

(i)

by deleting the words “seizes,”;

Anti-Money Laundering and Anti-Terrorism

Financing (Amendment)

(ii)

by substituting for the words “record, report or document which” the words “document or information which”; and

(iii)

by substituting for the words “record, report or document to” the words “document or information to”; and

(b)

in subsection (3)—

(i)

by substituting for the words “one million” the words “three million”;

(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”.

Report

Read on from s 34