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mylaw.myby aturio
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75. Amendment of section 89

Section 89 of the principal Act is amended—

(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”.

Anti-Money Laundering and Anti-Terrorism

Financing (Amendment)

Report

Read on from s 76