EnGo - Online Learning

Anti-Money Laundering Act

Course Description

This module will take you through the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (AMLA) that enables Malaysia to carry out its international obligations to combat money laundering. The Act provides for the money laundering offences, the measures that shall be taken to prevent money laundering and terrorism financing and the forfeiture of terrorist property. This module will also explain the wide-ranging investigating powers of law enforcement agencies and the Public Prosecutor to freeze and seize properties that are involved or suspected to be involved in money laundering or terrorism financing offences, and the power of the court to forfeit properties derived from the proceeds of serious crimes.

What You Will Learn

To familiarize you with the preliminary aspects of anti-money laundering including the application and interpretation of the Act.
To describe the various money laundering offences.
To provide you with knowledge concerning matters relating to investigations carried out by competent authority and enforcement agencies including seizure of property, records, reports or documents and matters relating to arrest.
To explain the processes of freezing and seizure carried out by the enforcement agencies and forfeiture of property by the courts.

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Course Lessons

The first lesson is a brief explanation on the progression of lessons designed to enable you to fully understand what is involved in anti-money laundering and its related processes.

This is an introduction to the fundamental aspects of AMLA in the context of enforcement and investigation.

To understand the crux of money laundering activity.

To understand the typology of money laundering offences and penalties provided under AMLA.

To understand the context of power of investigating officer, and what can a investigating officer do during investigation.

To understand the context of AMLA in freezing, seizure and forfeiture of asset.

To understand the context of Asset Detection on what are the procedures in identifying the asset of someone who committed an offense related to AMLA.

Case study to help you to understand on how can someone involved in anti-money laundering activities.