ANTI-TERRORISM FINANCING LAWS IN MALAYSIA: CURRENT TRENDS AND DEVELOPMENTS
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Date
2015
Journal Title
Journal ISSN
Volume Title
Publisher
Ahmad Ibrahim Kulliyyah of Laws (AIKOL)
Abstract
Malaysia has continued to proactively enhance its legal framework
for combating terrorism financing as a phenomenal response to
the global war against terrorism. This paper revisits the provisions
relating to anti-terrorism financing in the Anti-Money Laundering
and Anti-Terrorism Financing Act 2001 (AMLATFA), and the recent
amendment made to the Act in 2014, as well as the Penal Code of
Malaysia. While this study focuses on Anti-Terrorism Laws in
Malaysia, AMLATFA forms the crux of the discussion in the light
of current developments in anti-terrorism legislation in Malaysia. A
brief Islamic legal perspective on anti-terrorism financing is given in
the light of specific provisions of AMLATFA and the Penal Code. The
paper finds that Malaysia is keeping up with the global developments
in Anti-Terrorism Financing laws and this has helped it to maintain a
good image in the global world as a country that is ready to combat
terrorism generally and terrorism financing specifically. With the
emerging threats of the self-styled Islamic State in Iraq and Levant
(ISIL) in Malaysia and the world at large, there is no better time
than now to come up with a more comprehensive law such as the
Prevention of Terrorism Act 2015 to complement existing legislations
on terrorism financing.
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Citation
Aishat Abdul-Qadir Zubair, Umar A. Oseni, and Norhashimah Mohd Yasin, (2015) Anti-Terrorism Financing Laws in Malaysia: Current Trends and Developments, IIUM Law Journal Vol. 23 no. 1. Published by Ahmad Ibrahim Kulliyyah of Laws (AIKOL), IIUM, Malaysia