To deal with the rise of incidents where individuals with prominent positions in government/ foreign governments have a higher risk of committing the crime of money laundering/ terrorist financing, Bank Negara Malaysia has come up with a revision in one of their documents to assist reporting financial institutions to tackle this issue. Find out more in the article.
Can a party institute a civil action against an offending party after the offending party’s assets and properties are seized under AMLA?
We all know a public prosecutor can order the seizing of properties of an accused charged under AMLA. However, can they seize properties that are under trust?
Can a public prosecutor apply for the forfeiture of properties 12 months after seizing/ freezing them under AMLA in cases where the accused is not prosecuted/ convicted under AMLA?
In this article, we will briefly share (in continuation from our previous article) whether a normal person/ lay person is obligated to provide information/ report a suspicious transaction, the rights accorded to an information provider, and whether such disclosure breaches any law.
In this article, we will briefly share (via a similar case) whether an act of seizure can be challenged by way of judicial review.
Anti-Money Laundering, Anti-Terrorism Financing And Proceeds of Unlawful Activities Act1, or AMLA for short, is a piece of legislation created for the purpose of punishing those who commit money laundering activities and/ or those who commit the act of financing terrorist activities.
