Malaysia legislation

Section 56

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

Section 56

(a)

the subject-matter or evidence relating to the commission of such offence;

(b)

terrorist property;

(c)

the proceeds of an unlawful activity; or

(d)

the instrumentalities of an offence.

(2)

The judge to whom an application is made under subsection (1)

shall make an order for the forfeiture of the property if he is satisfied—

(a)

that the property is—

(i)

the subject-matter or evidence relating to the commission of an offence under subsection 4(1) or a terrorism financing offence;

(ii)

terrorist property;

(iii)

the proceeds of an unlawful activity; or

90 Laws of Malaysia

(iv)

the instrumentalities of an offence; and

(b)

that there is no purchaser in good faith for valuable consideration in respect of the property.

(3)

Any property that has been seized and in respect of which no application is made under subsection (1) shall, at the expiration of twelve months from the date of its seizure, be released to the person from whom it was seized.

(4)

In determining whether the property is—

(a)

the subject-matter or evidence relating to the commission of an offence under subsection 4(1) or a terrorism financing offence;

(b)

terrorist property;

(c)

the proceeds of an unlawful activity; or

(d)

the instrumentalities of an offence, the court shall apply the standard of proof required in civil proceedings.

Forfeiture order not to be affected by acquittal

Section 56 — ANTI-MONEY LAUNDERING, ANTI-TERRORISM FINANCING, ANTI-RESTRICTED ACTIVITY FINANCING AND PROCEEEDS OF UNLAWFUL ACTIVITIES ACT 2001