Section 47 of Anti-Money
Laundering, Anti-Terrorism Financing and Proceed of Unlawful Activities Act
2001 (Advocates and solicitors to disclose information) :
(1) Notwithstanding any other
law, a Judge of the High Court may, on application being made to him in
relation to an investigation into any offence under subsection 4(1), order an
advocate and solicitor to disclose information available to him in respect of
any transaction or dealing relating to any property which is liable to seizure
under this Act.
(2) Nothing in subsection (1)
shall require an advocate and solicitor to comply with any order under that
subsection to the extent that such compliance would disclose any privileged
information or communication which came to his knowledge for the purpose of any
pending proceedings
Anti-Money Laundering and Counter
Financing of Terrorism (AML/CFT) – Designated Non-Financial Businesses and
Professions (DNFBPs) & Other Non-Financial Sectors (Sector 5) :
Advocates and solicitors as
defined in the Legal Profession Act 1976 and persons admitted as advocates
pursuant to the Advocate Ordinance Sabah 1953 and Advocate Ordinance Sarawak
1953 (collectively referred to as “lawyers” in this document), when they
prepare or carry out the following activities for their clients:
(i) buy and sell immovable property;
(ii)
manage client’s money, securities or other
property;
(iii) manage
accounts including savings and securities accounts;
(iv) organize contributions for the creation,
operation or management of the companies; or
(v) create, operate or manage legal entities or
arrangements and buy and sell business entities
