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← Anti-Money Laundering, Anti-Terrorism Financing, Anti-Restricted Activity Financing and Proceeeds of Unlawful Activities Act 2001

Anti-Money Laundering, Anti-Terrorism Financing, Anti-Restricted Activity Financing and Proceeeds of Unlawful Activities Act 2001 s 62

Anti-Money Laundering, Anti-Terrorism Financing, Anti-Restricted Activity Financing and Proceeeds of Unlawful Activities Act 2001 s 62

s 62 Disposition of forfeited property

Whenever property that is not required to be destroyed and that is not harmful to the public is forfeited under section 55 or 56, the court or an enforcement agency may, in accordance with the law— (a) retain it for official use, or transfer it to the Federal Government; or (b) sell it and transfer the proceeds from such sale to the Federal Government.

Malay text (authoritative)

Pelupusan harta yang dilucuthakkan

Apabila harta yang tidak dikehendaki supaya dimusnahkan dan yang tidak berbahaya kepada orang ramai telah dilucuthakkan di bawah seksyen 55 atau 56, mahkamah atau sesuatu agensi penguat kuasa boleh, mengikut undang-undang— (a) menyimpannya untuk kegunaan rasmi, atau memindahkannya kepada Kerajaan Persekutuan; atau (b) menjualnya dan memindahkan hasil daripada penjualan itu kepada Kerajaan Persekutuan.

Read this section in the full act → · Open Part VI →

Find Act 613 on lom.agc.gov.my ↗

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).

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