Malaysia legislation

Section 30

of ANTI-MONEY LAUNDERING, ANTI-TERRORISM FINANCING AND PROCEEDS OF UNLAWFUL ACTIVITIES (AMENDMENT) ACT 2025

Section 30

Section 50 of the principal Act is amended—

(a)

in subsection (1)—

(i)

in paragraph (a), by substituting for the words

“subsection 4(1) or a terrorism financing offence”

the words “subsection 4(1) or 4a(2), a terrorism financing offence or a restricted activity financing offence”; and

(ii)

by inserting after paragraph (b) the following paragraph:

“(ba)  proliferator property;”; and

(b)

in subsection (1a), by substituting for the words

“Bank Negara Malaysia, the Securities Commission or the

Labuan Financial Services Authority, as the case may be,”

the words “the relevant regulatory or supervisory authority”.

Amendment of section 51

Section 30 — ANTI-MONEY LAUNDERING, ANTI-TERRORISM FINANCING AND PROCEEDS OF UNLAWFUL ACTIVITIES (AMENDMENT) ACT 2025