Malaysia legislation

Section 4A

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

Section 4A

(2)

Any person who contravenes subsection (1) commits an offence and shall on conviction be liable to a fine of not more than five times the aggregate sum or value of the transaction at the time the

Anti-Money Laundering, Anti-Terrorism 21

Financing and Proceeds of Unlawful

Activities offence was committed or to imprisonment for a term not exceeding seven years or to both.

(3)

In determining whether a transaction was conducted in contravention of this section, the following matters may be taken into consideration:

(a)

the value of the money or property involved in each transaction;

(b)

the total value of the transactions;

(c)

the period of time over which the transactions took place;

(d)

the interval of time between any of the transactions;

(e)

the locations at which the transactions took place.

Protection of informers and information

Section 4A — ANTI-MONEY LAUNDERING, ANTI-TERRORISM FINANCING, ANTI-RESTRICTED ACTIVITY FINANCING AND PROCEEEDS OF UNLAWFUL ACTIVITIES ACT 2001