Anti-Money laundering, Anti-Terrorism Financing & Proceeds of Unlawful Activities Act (Hingga 25.9.2023)

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Akta Pencegahan Pengubahan Wang Haram, Pencegahan Pembiayaan Keganasan

Dan Hasil Daripada Aktiviti Haram 2001 (Akta 613) 
Peraturan-Peraturan Dan Perintah-Perintah Terpilih  
Anti-Money Laundering, Anti-Terrorism Financing And Proceeds 
Of Unlawful Activities Act 2001 (Act 613) 
Regulations And Selected Order 

(Hingga 25 September 2023)

 

An Act to provide for the offence of money laundering, the measures to be taken for the prevention of money laundering and terrorism financing offences and to provide for the forfeiture of property involved in or derived from money laundering and terrorism financing offences, as well as terrorist property, proceeds of an unlawful activity and instrumentalities of an offence, and for matters incidental thereto and connected therewith.

 

*Note: This book contains both the English and Malay version

 

Detailed Contents Of Anti-Money laundering, Anti-Terrorism Financing & Proceeds of Unlawful Activities Act (Hingga 25.9.2023) :

The Anti-Money Laundering, Anti-Terrorism Financing & Proceeds of Unlawful Activities Act (AMLA) is a Malaysian law that aims to combat money laundering, terrorism financing, and other unlawful activities. The Act was first introduced in 2001 and has been amended several times since then, with the most recent update being as of 25.9.2023.

  1. Scope of the Act: The AMLA applies to all individuals and entities, including financial institutions, who engage in activities that involve money laundering, terrorism financing, and other unlawful activities.

  2. Reporting obligations: Under the AMLA, individuals and entities are required to report any suspicious transactions to the relevant authorities, such as the Financial Intelligence and Enforcement Department (FIED) of Bank Negara Malaysia, within a specified timeframe. Failure to report suspicious transactions is a criminal offense.

  3. Customer due diligence: Financial institutions are required to conduct customer due diligence (CDD) measures to identify and verify the identity of their customers. The CDD measures include obtaining customer identification documents, verifying the source of funds, and conducting ongoing monitoring of customer transactions.

  4. Record keeping: Financial institutions are required to keep records of their customers' transactions for a specified period of time. These records must be available for inspection by the relevant authorities upon request.

  5. Freeze and seizure of assets: The AMLA empowers the relevant authorities to freeze and seize assets suspected to be related to money laundering, terrorism financing, or other unlawful activities. The authorities may also apply for a court order to forfeit the assets if they are found to be the proceeds of unlawful activities.

  6. Penalties: Individuals and entities who are found to have committed offenses under the AMLA may face imprisonment, fines, or both. Financial institutions may also face regulatory action, including fines, suspension or revocation of licenses, or other sanctions.

In conclusion, the Anti-Money Laundering, Anti-Terrorism Financing & Proceeds of Unlawful Activities Act (AMLA) is a crucial piece of legislation that plays an important role in combating money laundering, terrorism financing, and other unlawful activities in Malaysia. It imposes significant obligations on individuals and entities involved in financial transactions and carries severe penalties for non-compliance.

Anti-Money laundering, Anti-Terrorism Financing & Proceeds of Unlawful Activities Act Contains:

  • Akta Pencegahan Pengubahan Wang Haram, Pencegahan Pembiayaan Keganasan dan Hasil daripada Aktiviti Haram 2001 (Akta 613)
  • Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (Act 613)
  • Peraturan-Peraturan Pencegahan Pengubahan Wang Haram dan Pencegahan Pembiayaan Keganasan (Obligasi Pelaporan) 2007
  • Anti-Money Laundering and Anti-Terrorism Financing (Reporting Obligations) Regulations 2007
  • Perintah Pencegahan Pengubahan Wang Haram dan Pencegahan Pembiayaan Keganasan (Pengisytiharan Entiti Ditentukan dan Kehendak untuk Melapor) 2014
  • Anti-Money Laundering and Anti-Terrorism Financing (Declaration of Specified Entities and Reporting Requirements) Order 2014
  • Perintah Pencegahan Pengubahan Wang Haram, Pencegahan Pembiayaan Keganasan dan Hasil daripada Aktiviti Haram (Perisytiharan Wang Tunai dan Instrumen Boleh Niaga Pembawa) 2014
  • Anti-Money Laundering, Anti-Terrorism Financing and Proceeds ofUnlawful Activities (Cash and Bearer Negotiable Instruments Declaration) Order 2014

Find similar books to Akta Pencegahan Pengubahan Wang Haram: Akta/ Statutes

ISBN: 9789678930154
 
 

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