Malaysia legislation

Section 41

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

Section 41

Section 66b of the principal Act is amended—

(a)

in subsection (2), by substituting for the words

“the relevant regulatory or supervisory authority”

the words “the competent authority or the regulatory or supervisory authority, as the case may be,”;

(b)

in subsection (3)—

(i)

in paragraphs (a), (b) and (c), by substituting for the words “no citizen of Malaysia and no body corporate incorporated in Malaysia” the words

“no person”; and

(ii)

in paragraph (d)—

(A)

by substituting for the words “every citizen of Malaysia and every body corporate incorporated in Malaysia” the words

“every person”; and

(B)

in subparagraph (i), by substituting for the words “in their possession or control that they have” the words “in his possession or control that he has”; and

(c)

in subsection (11)—

(i)

by substituting for the words “direct the relevant regulatory or supervisory authority” the words

“direct the competent authority or the regulatory or supervisory authority, as the case may be,”;

and

(ii)

by substituting for the words “the relevant regulatory or supervisory authority” the words

“the competent authority or the regulatory or supervisory authority”.

Amendment of section 66d

Section 41 — ANTI-MONEY LAUNDERING, ANTI-TERRORISM FINANCING AND PROCEEDS OF UNLAWFUL ACTIVITIES (AMENDMENT) ACT 2025