Anti-Money Laundering, Anti-Terrorism Financing And Proceeds Of Unlawful Activities Act 2001 (Аct 613)

Anti-Money Laundering, Anti-Terrorism Financing And Proceeds Of Unlawful Activities Act 2001 (Аct 613)

Published and printed in 2026

The Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (Act 613), also known as the AMLA Act, is a Malaysian legislation designed to combat money laundering, terrorism financing, and the handling of illegally obtained funds. Its main purpose is to prevent criminals from disguising unlawful proceeds as legitimate income or using them to support illegal or terrorist activities. Money laundering refers to the process of concealing the true origin of illicit funds so they appear legal, while terrorism financing involves raising or providing money, directly or indirectly, for terrorist purposes or organisations. The Act also applies to assets gained from criminal offences such as fraud, corruption, drug-related crimes, and theft. It empowers enforcement authorities to investigate suspicious financial activities, freeze or seize assets, and prosecute offenders. Furthermore, it places obligations on financial institutions and certain professionals, including lawyers and accountants, to carry out customer due diligence and report any suspicious transactions to the relevant authorities.

Find similar books to Anti-Money Laundering, Anti-Terrorism Financing And Proceeds Of Unlawful Activities Act 2001 (Аct 613): Akta/ Statutes