3229789 - Checksum cannot be enabled using ALTER DATABASE statement

Checksum of a database file can be turned off executing the statement below

ALTER DATABASE SET CHECKSUM OFF;

But when trying to turn it on using 

ALTER DATABASE SET CHECKSUM ON;

the following error is returned:

Could not execute statement.  Syntax error near 'on' on line 1

SQL Code=-131, ODBC 3 State="42000"

SAP SQL Anywhere 17

KBA , BC-SYB-SQA-SRV , SQL Anywhere - Server , Problem