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null BNM's AML/CFT Newsletter 04/2022

 
1. Preparation for Data and Compliance Report (DCR) 2022
Since 2020, DNFBP and NBFI reporting institutions (RI) are required to submit mandatory annual compliance report i.e. DCR which covers important areas of the RI’s exposures to ML/TF risks and their AML/CFT compliance level.
The DCR is also aimed to assist the RI to self-assess and understand how you have been complying with your obligations, and where you may need additional support or guidance.

Who Must Submit DCR 2022?
DCR 2022 is only applicable to the following sectors:

1. Accountants
2. Company secretaries
3. Dealers in precious metals/ stones
4. Lawyers and notaries public
5. Registered estate agents
Other sectors are NOT required to submit DCR 2022
What to Get Ready for DCR 2022?
1. Appoint your Compliance Officer
Ensure that your firm has appointed a Compliance Officer (CO) & notify BNM of the appointment through this link:
 
2. CO number 
Ensure that you have information of your CO number that was issued by BNM via your registered email upon successful notification.
You may direct your queries in relation to your compliance officer notification/ number to the following email: [email protected]
When to submit DCR 2022?
Submission will be in 3rd Quarter 2022 through the online DCR portal. Access to the portal will only be opened when the submission period starts.
Please refer to the DCR Infographic below for further details.
Click for the DCR Infographic
Or copy paste the URL address below to your internet browser: 
https://amlcft.bnm.gov.my/documents/6312201/7183948/DCR+2022+Infographic+%28July%29.pdf/fe349679-85fd-4b23-ff8a-91712d358df7?t=1657251254665
2. FATF Revision of Recommendation (R.25) on the Transparency and Beneficial Ownership of Legal Arrangements - White Paper for Public Consultation
The Financial Action Task Force (FATF) is considering proposals for amendments to Recommendation 25 (R.25) and its Interpretive Note (INR) on the transparency and beneficial ownership of legal arrangements.
The FATF’s objective is to improve R.25 and its INR to better meet its stated objective to prevent the misuse of legal arrangements for money laundering or terrorist financing. FATF’s work in this area is ongoing, and will benefit from hearing views from stakeholders, including trustees, financial institutions, designated non-financial businesses and professions (DNFBPs), and non-profit organisations.
The FATF would welcome comments on several key areas, as available in the R.25 White Paper below.
Click for R.25 White Paper
Or copy paste the URL address below to your internet browser, for the R.25 White Paper:
https://www.fatf-gafi.org/media/fatf/documents/recommendations/Web-White%20paper%20-%20Potential%20Revision%20of%20Recommendation%2025.pdf
Reporting Institutions are invited to provide their response to FATF directly, including any drafting proposals to
[email protected] 
with the subject-line "Comments of [author] on the draft Amendments to Recommendation 25",
by 1 August 2022 (18h00 CET).

When submitting your response, please indicate:
the name of your organisation, country, the nature of your business, and your contact details.
3. AML/CFT Compliance Programmes for Company Secretaries [2022 SSM Webinar]
Suruhanjaya Syarikat Malaysia (“SSM”) is organising webinars on AML/CFT Compliance Programmes for company secretaries as follows:
1. Roles and responsibilities of Company Secretaries as Compliance Officers
    under AMLA 2001
    (10 August & 6 December 2022)
2. Company Secretaries as Reporting Institutions under AMLA 2001
    (30 November 2022)
The programmes aim to enhance company secretaries’ knowledge and understanding of AML/CFT requirements under the AMLA.
Please click for more details on the SSM Training Calendar:
Click for SSM Training Calendar
Or copy paste the URL address below to your internet browser, for the SSM Training Calendar information: 
https://www.ssm.com.my/Pages/Training_Academy/Training_Calendar-and_Brochure/2022/SSM%20AML%20CFT%20COMPLIANCE%20PROGRAMMES%20FOR%20COMPANY%20SECRETARIES.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
@BNM_official @BNM_official
@banknegaramalaysia @banknegaramalaysia
BNM Official BNM Official
Bank Negara Malaysia Bank Negara Malaysia