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null BNM's AML/CFT Newsletter 01/2022

 
1. Application of Group Wide Programmes on DNFBPs - New Changes to FATF 
Recommendations

In October 2021, the Financial Action Task Force (FATF) adopted the amendments to Recommendation 23 and the FATF Glossary to clarify how the existing requirements in Recommendation 18 to implement group-wide programmes against money laundering (ML) and terrorist financing (TF) to apply to Designated Non-Financial Businesses and Professions (DNFBPs). 

The Explanatory Materials provide more explanation on the concepts of common ownership, management compliance and group wide implementation of compliance programmes for DNFBPs which are applicable in considering the implementation of the requirements of group-wide programme. 

The link provided below contain the Explanatory Materials to give more details on the FATF’s intentions and how the amendments fit the overall objective of improving the effectiveness of AML/CFT measures.
Click for the FATF Explanatory Materials
2. Amendments to Invocation of AMLA on Accountants, Lawyers, Company Secretaries and Registered Estate Agents
Effective 30 December 2021, the reporting obligations under Part IV of the AMLA are expanded to be applicable not only on individuals but also at the firm level, when reporting institutions carry out Gazetted Activities for lawyers, accountants and company secretaries. Similarly, the invocation of AMLA applies to registered estate agents (REAs) at the firms' level. 
Please click on the buttons below for the relevant Gazette Orders: 
Click for the Gazette Orders for Lawyers & Accountants
Click for Gazette Order for Company Secretaries
Click for the Gazette Order for Registered Estate Agents
Or copy paste the URL address below to your internet browser, for the relevant Gazette Orders:
3. INFOGRAPHICS:
Invocation of AMLA Requirements on DNFBPs for Accountants, Lawyers, Company Secretaries and REAs

Please click on the Infographic above or copy paste the URL address below below to your internet browser to view the Infographic: https://amlcft.bnm.gov.my/web/amlcft/nl/implication_of_2021_gazette_order_infographic.pdf
Other Updates
Notification on Appointment of Compliance Officer
For RIs that have yet to notify BNM on the appointment of, or changes to, the appointed Compliance Officer (CO), please click on the link below for the notification. The e-form is preferred as the process could be fully automated in dispensing the CO reference number.
Click for Notification Form
Or copy paste the URL address below to your internet browser: 
https://amlcft.bnm.gov.my/co/
Access to BNM's AML/CFT E-Platform
The private E-Platform hosts a repository of awareness video materials including all the AML/CFT Webinar series for the DNBP and NBFI sectors.
For RIs that have yet to register for access to the E-Platform, do so by clicking on the button below:
Click for E-Platform Registration
Or copy paste the URL address below to your internet browser: 
https://amlcft.bnm.gov.my/ep/
Note:
  • CO who is requesting access to the webinar videos must be a registered YouTube account user.
  • Only CO who has notified their appointment to BNM will be able to view the videos. 
  • Notification with the videos link will be automatically sent to the registered YouTube account.
The webinar videos are for internal training and not for onward sharing and/or downloading for third parties.
Useful Resources
Please click on the links below for the relevant resources:
For more information, contact us at:
https://amlcft.bnm.gov.my/ https://amlcft.bnm.gov.my/
fied@bnm.gov.my [email protected]
Or call us at: 1-300-88-5465
Follow us on social media at:
@bnm.official @bnm.official
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@banknegaramalaysia @banknegaramalaysia
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