Anti Money Laundering Act Malaysia 2001

The anti money laundering anti terrorism financing and proceeds of unlawful activities act 2001 malay.

Anti money laundering act malaysia 2001. In particular it focuses on the latest additions to the list of predicate offenses under the amlatfa namely a number of offenses relating to tax reporting and payment and the operation of illegal kootu schemes. Offence of money laundering 5. Laws of malaysia act 613 anti money laundering and anti terrorism financing act 2001 arrangement of sections part i preliminary section 1. Protection of informers and information 6.

Interpretation part ii money laundering offences 4. Read more these documents are formulated in accordance with the provisions of the anti money laundering anti terrorism financing and proceeds of unlawful activities act 2001 amla. T his article provides a brief overview of malaysia s anti money laundering and anti terrorism financing act 2001 act 613 otherwise known as amlatfa. The act was gazetted as law on 5 july 2001 and came into force on 15 january 2002.

As a member of the united nations malaysia is obliged to comply with the unsc s resolutions. The amla provides for the offence of money laundering and terrorism financing and the measures. 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. The anti money laundering anti terrorism financing and proceeds of unlawful activities act 2001 amla is the primary statute governing the aml cft regime in malaysia.

The anti money laundering and anti terrorism financing act 2001 amlatfa bank negara malaysia as competent authority under amlatfa overview of aml cft regime in malaysia came into force on 15 january 2002 amended in 2003 criminalises money laundering and terrorism financing. Short title and commencement 2. Akta pencegahan pengubahan wang haram pencegahan pembiayaan keganasan dan hasil daripada aktiviti haram 2001 is 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. The anti money laundering anti terrorism and proceeds of unlawful activities act 2001 the act came into force on 15 1 2001 with the aim of preventing and combating money laundering terrorism financing and the use of illegal proceeds.

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.