Section 8
Subsection 6(5) of the principal Act is amended—
of Anti-Money Laundering and Anti-Terrorism Financing (Amendment) Act 2014
Amendment ActIn forceProvision 8 of 78
Section 8
(a)
by substituting for the words “fifty thousand” the words
“one million”;
(b)
by substituting for the words “one year” the words “three 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”.