For Reporting Institutions

AML/CFT obligations imposed on Reporting institutions are stipulated under Part IV of the AMLA and provided in the AML/CFT Policies. The obligations include the requirement to:

  1. implement AML/CFT risk management that commensurate with the level of money laundering and terrorism financing risks;
  2. conduct customer due diligence;
  3. keep proper record on the customer and transactions;
  4. implement AML/CFT compliance programme;
  5. report suspicious transaction report (STR); and
  6. report cash threshold report (CTR) for cash transaction exceeding RM50,000 or whichever amount specified.