Regulatory Guidelines

Anti Money Laundering - Introduction

New regulatory demands are being imposed on accountants and company secretaries who are members of the Institute pursuant to the Anti-Money Laundering Act 2001 (the ‘AMLA’) by Bank Negara Malaysia. Members who are in public practice or who are company secretaries who provide specific services for their clients, willhave new obligations to report suspicious transactions involving their clients, with effect from 30 September 2004. It is anticipated that other obligations relating to client due diligence, record keeping, and the implementation of internal controls, policies, procedures and compliance programmes will be extended to these members with effect from 30 September 2005.This microsite is designed to provide members with timely updates and information as well as useful links to ensure that members are able to keep abreast with new developments relating to the issue of anti-money laundering in Malaysia. This microsite contains links to the relevant legislation, submissions and circulars issued by the Institute together with additional resources such as guidance, events and training, and frequently asked questions.

Whilst the Institute has taken every care to ensure that this web-page is free from error and is up-to-date as indicated from time to time, the Institute, its officers, employees or agents do not guarantee or make any representation whatsoever as to the accuracy, completeness, reliability, timeliness, adequacy or suitability for any particular purpose of the information in this microsite. Members are solely responsible for assessing the accuracy, reliability, adequacy and suitability of the information in this microsite.