Malaysia legislation

Section 84

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

Section 84

Regulations

(2)

Without prejudice to the generality of subsection (1), regulations may be made—

(a)

to prescribe anything that is required or permitted to be prescribed under this Act;

(b)

to provide that any act or omission in contravention of any provision of such regulations shall be an offence;

(c)

to provide for the imposition of penalties for such offences which shall not exceed a fine of three million ringgit or imprisonment for a term not exceeding five years or both;

and

(d)

to provide for the imposition of an additional penalty for a continuing offence which shall not exceed five thousand ringgit for each day or part thereof during which the offence continues to be committed.

Amendment of Schedules

Read in full context — *ANTI-MONEY LAUNDERING, ANTI-TERRORISM FINANCING, ANTI-RESTRICTED ACTIVITY FINANCING AND PROCEEEDS OF UNLAWFUL ACTIVITIES ACT 2001 →