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Anti Money Laundering, Anti Terrorism Financing and Proceeds of Unlawful Activities Act 2001

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Citation  Act 613
Enacted by  Dewan Rakyat
Date of Royal Assent  25 June 2001
Territorial extent  Throughout Malaysia
Enacted by  Dewan Negara
Date commenced  5 July 2001
Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001

The Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (Malay: Akta Pencegahan Pengubahan Wang Haram, Pencegahan Pembiayaan Keganasan dan Hasil daripada Aktiviti Haram 2001), is a Malaysian laws which enacted 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.

Structure

The Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001, in its current form (1 December 2015), consists of 7 Parts containing 93 sections and 2 schedules (including 27 amendments).

  • Part I: Preliminary
  • Part II: Money Laundering Offences
  • Part III: Financial Intelligence
  • Part IV: Reporting Obligations
  • Part IVA: Cross Border Movements of Cash and Bearer Negotiable Instruments
  • Part V: Investigation
  • Part VI: Freezing, Seizure and Forfeiture
  • Part VIA: Suppression of Terrorism Financing Offences and Freezing, Seizure and Forfeiture of Terrorist Property
  • Part VII: Miscellaneous
  • Schedules
  • References

    Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 Wikipedia


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