What penalties does the Anti-Money Laundering Act 2001 carry for such offences?

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The Anti-Money Laundering Act 2001 carries a maximum 15 years’ imprisonment and a fine of at least five times the unlawful proceeds (or RM5 million), whichever is higher

Offences charged under Section 4(1)(b) of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (Act 613) are punishable under Section 4(1) of the same Act. Upon conviction, the maximum penalty is 15 years’ imprisonment. The Act also provides for a fine of not less than five times the amount or value of the proceeds of the unlawful activity, or RM5 million, whichever is higher.
Maximum prison term under the Act
The penalty framework for these charges is set out under Section 4(1) of Act 613. The maximum imprisonment term upon conviction is 15 years. This applies to offences framed under Section 4(1)(b) and punishable under Section 4(1).
Minimum fine linked to the value of unlawful proceeds
The Act ties the financial penalty to the proceeds involved in the unlawful activity. The fine must be not less than five times the amount or value of those proceeds, reflecting the scale of the alleged laundering. If that calculation results in less than a set threshold, the fine is instead RM5 million.
Fine threshold of RM5 million
Act 613 establishes a minimum floor for the fine at RM5 million. The court-imposed fine must be the higher of either five times the proceeds’ amount or value, or RM5 million. This “whichever is higher” structure ensures the penalty cannot fall below RM5 million.
How the charge provision connects to sentencing
In this case type, charges are framed under Section 4(1)(b) of Act 613. The sentencing authority is then under Section 4(1), which sets both the 15-year maximum imprisonment and the fine formula. Together, these provisions define the penalties that can be imposed on conviction.

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What penalties does the Anti-Money Laundering Act 2001 carry for such offences?

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