Malaysia legislation

Section 45

of *ANTI-MONEY LAUNDERING, ANTI-TERRORISM FINANCING, ANTI-RESTRICTED ACTIVITY FINANCING AND PROCEEEDS OF UNLAWFUL ACTIVITIES ACT 2001

Section 45

(2)

A list of all movable property seized pursuant to subsection (1)

and of the places in which they are respectively found shall be prepared by the investigating officer effecting the seizure and signed by him.

(3)

A copy of the list referred to in subsection (2) shall be served as soon as possible on the owner of such property or on the person from whom the property was seized.

(3A)

However no service under subsection (3) shall be required where such seizure is made in the presence of the person against whom proceedings under this Act are intended to be taken, or in the presence of the owner of such property or his agent, or in the case of a ship or an aircraft, in the presence of the master or pilot, as the case may be.

(3B)

The investigating officer effecting the seizure shall send a copy of the list of the movable property seized to the Public Prosecutor forthwith.

(4)

This section shall not apply to any movable property liable to seizure under subsection (1) which is in the possession, custody or control of a financial institution.

Further provisions relating to seizure of movable property

Section 45 — ANTI-MONEY LAUNDERING, ANTI-TERRORISM FINANCING, ANTI-RESTRICTED ACTIVITY FINANCING AND PROCEEEDS OF UNLAWFUL ACTIVITIES ACT 2001