Anti Money Laundering Act Malaysia

The anti money laundering anti terrorism financing and proceeds of unlawful activities act 2001 the amlatfa is the primary malaysian statute dealing with anti money laundering and anti terrorism financing the amlatfa is federal legislation that has application throughout all the states and federal.

Anti money laundering act malaysia. Laws of malaysia act 613 anti money laundering and anti terrorism financing act 2001 arrangement of sections part i preliminary section 1. The act defines the offenses of money laundering and the financing of terrorism and sets out the measures that financial institutions must take to detect and prevent those criminal activities. 7anti money laundering laws of malaysia act 613 anti money laundering act 2001 an act to provide for the offence of money laundering the measures to be taken for the prevention of money laundering and to provide for forfeiture of property derived from or involved in money laundering and for matters incidental thereto or connected therewith. The following activities are considered to be money laundering pursuant to section 4 of the anti money laundering anti terrorism financing and proceeds of unlawful activities act 2001 amlatfa.

Short title and commencement 2. Laws of malaysia act 613 anti money laundering anti terrorism financing and proceeds of unlawful activities act 2001 date of royal assent 25 jun 2001 date of publication in the gazette 5 jul 2001 an act to provide for the offence of money laundering the measures to be taken for the prevention of money laundering and terrorism. Offence of money laundering 5. Malaysia s anti money laundering act 2001 amla was enacted in january 2002.

Laws of malaysia act 613 anti money laundering act 2001 date of royal assent 25 jun 2001 date of publication in the gazette 5 jul 2001 an act to provide for the offence of money laundering the measures to be taken for the prevention of money laundering and to provide for forfeiture of property derived. Anti money laundering regulations in malaysia. Restriction on revealing. Interpretation part ii money laundering offences 4.

The anti money laundering anti terrorism financing and proceeds of unlawful activities act 2001 amla is the primary piece of aml cft legislation in malaysia.