Malaysia legislation
Section 48
Section 48
The principal Act is amended by substituting for section 83
the following section:
Quoted provision
Section 83
(2)
The reporting institution, or the director, officer or employee of the reporting institution shall comply with the directions, instruction, guideline, circular, standard, notice, specification or requirement issued, or the condition imposed under subsection (1).
(3)
Any reporting institution which, or the director, officer or employee of the reporting institution who, contravenes subsection (2) commits an offence and shall, on conviction, be liable to a fine not exceeding one million ringgit.”.
Anti-Money Laundering, Anti-Terrorism
Financing and Proceeds of Unlawful
Activities (Amendment)
39
New sections 83a, 83b, 83c, 83d and 83e