The Anti-Money Laundering, Anti-Terrorism Financing, Anti-Restricted Activity Financing and Proceeds of Unlawful Activities Act 2001 (abbreviated AMLA or AMLATFARAFPUAA) is a Malaysian law to counter and suppress money laundering, financing of terrorism activities or unlawful activities, and other financial-related crimes.
It was 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.
The Act also laid down the investigative, enforcement and regulatory powers of the relevant enforcement agencies in Malaysia over financial crimes, and the obligations of financial institutions to report suspecious activities and to adhere to government instructions.
Structure The Act, in its current form as of 1 July 2022, consists of 9 Parts containing 120 sections and 2 schedules (including 27 new sections added since 2001). 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
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References
External links Full text of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (As of 1 July 2022) Bank Negara Malaysia's website on Anti-Money Laundering and Counter Financing of Terrorism [Infographic] Implementation Guidance on AML/CFT Policies