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(b) The Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (AMLATFPUAA 2001) was enacted to provide for the offence of money laundering,
(b) The Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (AMLATFPUAA 2001) was enacted to provide for the offence of money laundering, the measures to be taken for the prevention of money laundering and to provide for forfeiture of property derived from or involved in money laundering, and for matters incidental thereto or connected therewith. (1) Explain how AMLATEPUAA 2001 affects bankers in Malaysia? (5 marks) (11) The AMLATFPUAA 2001 is an Act that apply to any serious offence or unlawful activity whether committed before or after the commencement date. Describe with relevant cases, the above salient features of AMLATFPUAA 2001. (10 marks)
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