Malaysia legislation
Section 33
of ANTI-MONEY LAUNDERING AND ANTI-TERRORISM FINANCING (AMENDMENT) ACT 2014
Section 33
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”.
Amendment of section 37