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

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Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001
Parliament of Malaysia
  • 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.
CitationAct 613
Territorial extentThroughout Malaysia
Passed byDewan Rakyat
Passed10 May 2001
Passed byDewan Negara
Passed6 June 2001
Royal assent25 June 2001
Commenced5 July 2001
Effective[15 January 2002, P.U. (B) 15/2002]
Legislative history
First chamber: Dewan Rakyat
Bill titleAnti-Money Laundering Bill 2001
Bill citationD.R. 15/2001
Introduced byShafie Salleh, Deputy Minister of Finance
First reading9 April 2001
Second reading9 May 2001
Third reading10 May 2001
Second chamber: Dewan Negara
Bill titleAnti-Money Laundering Bill 2001
Bill citationD.R. 15/2001
Member(s) in chargeShafie Salleh, Deputy Minister of Finance
First reading14 May 2001
Second reading5 June 2001
Third reading6 June 2001
Status: In force

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 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

External links

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