Five years back, Bank Negara Malaysia (BNM) bestowed upon us a New Year's treat wrapped in the guise of its AML/CFT and Targeted Financial Sanctions for Financial Institutions (FIs) and Designated Non-Financial Businesses and Professions (DNFBPs) & Non-Bank Financial Institutions (NBFIs) policy documents, playing the role of the ultimate 2020 surprise. Now, in the spirit of celebrating the mighty Year of the Dragon, they've once again treated us to the revised AML/CFT/CPF and

Discover the implementation of Risk Based Approach (RBA) to AML/CFT from different aspects - national, institutional and customer levels.

In this article, we help differentiate between the two AML/CFT & TFS policies issued by Bank Negara Malaysia, which can be challenging.

The Anti-Money Laundering Act (AMLA) in Malaysia was enacted in 2001 to combat money laundering. The AMLA is a vital piece of legislation.