Malaysia legislation

Section 7

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

Section 7

*(1) The Minister of Finance may, by order published in the

Gazette, appoint a person to be the competent authority and such person shall have all the functions conferred on the competent authority by this Act.

(2)

The competent authority may authorize any of its officers or any other person to perform any or all of its functions or render such

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*NOTE—Bank Negara Malaysia appointed as the competent authority which comes into operation on 15 January 2002–see P.U. (A) 19/2002.

Anti-Money Laundering, Anti-Terrorism 25

Financing and Proceeds of Unlawful

Activities assistance in the performance of its functions under this Act as it may specify.

Provisions relating to the competent authority

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