Anti-Money Laundering, Anti-Terrorism Financing, Anti-Restricted Activity Financing and Proceeeds of Unlawful Activities Act 2001 s 22
Anti-Money Laundering, Anti-Terrorism Financing, Anti-Restricted Activity Financing and Proceeeds of Unlawful Activities Act 2001 s 22
s 22 Powers to enforce compliance
(1) An officer of a reporting institution shall take all reasonable steps to ensure the reporting institution’s compliance with its obligations under this Part.
(2) The competent authority, upon application to the High Court and satisfying the Court that a reporting institution has failed without reasonable excuse to comply in whole or in part with any obligations in this Act, shall obtain an order against any or all of the officers or employees of that reporting institution on such terms as the Court deems necessary to enforce compliance with such obligations.
(3) Notwithstanding subsection (2), the competent authority may direct or enter into an agreement with any reporting institution that has without reasonable excuse failed to comply in whole or in part with any obligations in this Part to implement any action plan to ensure compliance with its obligations under this Part.
(4) Any person who contravenes subsection (1) or fails to comply with a directive under subsection (3) commits an offence and shall on conviction be liable to a fine not exceeding one hundred thousand ringgit or to imprisonment for a term not exceeding six months or to both, and, in the case of a continuing offence, to a further fine not exceeding one thousand ringgit for each day during which the offence continues after conviction.
Malay text (authoritative)
Kuasa untuk menguatkuasakan pematuhan
(1) Seseorang pegawai sesuatu institusi pelapor hendaklah mengambil segala langkah yang munasabah bagi memastikan bahawa institusi pelapor itu mematuhi obligasinya di bawah Bahagian ini.
(2) Pihak berkuasa berwibawa, apabila dipohon kepada Mahkamah Tinggi dan memuaskan Mahkamah itu bahawa sesuatu institusi pelapor itu telah gagal tanpa alasan yang munasabah untuk mematuhi keseluruhan atau sebahagian daripada mana-mana obligasi dalam Akta ini, hendaklah mendapat suatu perintah terhadap mana-mana atau kesemua pegawai atau pekerja institusi pelapor itu atas terma sebagaimana yang disifatkan perlu oleh Mahkamah untuk menguatkuasakan pematuhan dengan obligasi itu.
(3) Walau apa pun subseksyen (2), pihak berkuasa berwibawa boleh mengarahkan atau membuat perjanjian dengan sesuatu institusi pelapor yang telah tanpa alasan munasabah tidak mematuhi sepenuhnya atau sebahagiannya mana-mana obligasi dalam Bahagian ini bagi melaksanakan apa-apa rancangan tindakan untuk memastikan pematuhan obligasinya di bawah Bahagian ini.
(4) Mana-mana orang yang melanggar subseksyen (1) atau tidak mematuhi sesuatu arahan di bawah subseksyen (3) melakukan suatu kesalahan dan apabila disabitkan boleh didenda tidak melebihi satu ratus ribu ringgit atau dipenjarakan selama tempoh tidak melebihi enam bulan atau kedua-duanya, dan, dalam hal kesalahan yang berterusan, boleh didenda selanjutnya tidak melebihi satu ribu ringgit bagi setiap hari kesalahan itu berterusan selepas pensabitan.
Source: Laws of Malaysia, Attorney General's Chambers of Malaysia (lom.agc.gov.my). Not a copy of the Gazette printed by the Government Printer (Interpretation Acts 1948 and 1967, s 61).
