The latest PFRA, NPORA, LPRA, LARA and VARA 2024 (Risk Assessment, RA) Executive Summary.

The NRA 2023 is Malaysia’s fifth national risk assessment. It includes a nuanced analysis of the transnational aspects of crimes and the flow of illegal proceeds.

Declaration of Specified Entities and Reporting Requirements (Amendment) Order P.U.(A) 104/2024 under AMLA

Requirements of BNM and SSM on Beneficial Ownership of Legal Persons

​​​​​​​

Reporting institutions must notify BNM on the appointment or change in the appointment of the compliance officer, in writing within 10 working days from the date of appointment or change.

There are many reporting institutions, both in the financial and non-financial sectors. Provided below is a summary listing of the more common reporting institutions you may encounter.

Money laundering is a process of converting cash, funds or property derived from criminal activities to give it a legitimate appearance. It is a process to clean ‘dirty’ money in order to disguise its criminal origin.

Terrorism activities cause harm that may be in the form of injury, loss or death to people affected by attacks or it may be in the form of economic destruction.

TFS are the measures of asset freezing and prohibitions to prevent funds or other assets from being made available, directly or indirectly, for the benefit of specified entities or designated persons who are being sanctioned, without delay.

Once you have the required information, you will need to verify the information against reliable and independent documentation, electronic data or any other measures that are necessary. You may verify the information through commercial or public databases.