|
No |
Date |
Events |
|
1. |
18 Jun 2003 |
The
Financial Intelligence Unit (FIU) of BNM met with MIA to discuss the
implementation of AMLA on regulated service providers such as
accountants, lawyers, company secretaries and others falling within the
jurisdiction of CCM. |
|
2. |
Jul –Nov
2003 |
MIA Exco
approved the formation of a Task Force on Anti-Money Laundering. |
|
3. |
11 Nov 2003 |
Establishment of the Task Force on Anti-Money Laundering. (TFAML). |
|
4. |
19 Nov 2003 |
Council
approved and ratified the formation of the TFAML, its terms and
reference and the composition. |
|
5. |
5 Dec 2003 |
MIA Exco
approved the memorandum to BNM. |
|
6. |
5 Dec 2003 |
Memorandum
submitted to BNM on AMLA’s implication for the accountancy profession,
issues of concern and MIA’s recommendations to resolve the issues. |
|
7. |
24 Dec 2003 |
Letter
received from BNM informing that BNM has deferred the implementation of
the Cash Transaction Report (CTR) requirements but would be implementing
the Suspicious Transaction Report (STR) requirements on 15 September
2004. |
|
8. |
26 Dec 2003 |
Circular No.
21/03 issued to all members.
|
- |
Brief
background on AMLA. |
|
- |
Submission
of memorandum to BNM – can be downloaded from the MIA website. |
|
- |
Deferment of
CTR but possible implementation of STR. |
|
- |
Members
urged to visit website for latest update. |
|
|
9. |
Jan/Feb 2004 |
Write-up in
issue of “Accountants Today”
|
- |
Background
on AMLA and Memorandum to BNM reproduced. |
|
- |
Article on
new legislative developments (AMLA) affecting the role of the
accountant. |
|
|
10. |
16 Jan 2004 |
3rd meeting
of the TFAML. |
|
11. |
16 Jan 2004 |
Report to
Council on the developments of the AMLA and the submission of the
Memorandum to BNM. |
|
12. |
23 Mar 2004 |
Council
approved the AMLA workshops to be conducted nationwide and the budget
for that purpose. |
|
13. |
April 2004 |
Issue of
“Accountants Today” – articles on money laundering. |
|
14. |
28 May 2004 |
MIA Council
approved the Guidance, Flowchart and the FAQ. |
|
15. |
June 2004 |
Issue of
“Accountants Today” – Cover story. |
|
16. |
1 June 2004 |
Circular
No.14/04 - to all members
|
- |
Invocation
date of 30 September 2004 of section 14(b), sec 20 and sec 24 of AMLA on
members in public practice who carried out the listed activities. |
|
- |
Implementation of Part IV of AMLA on 30 September 2005. |
|
- |
Series of
programmes to be held nationwide. |
|
- |
Issuance of
Guidance. |
|
- |
Members
urged to visit website for latest update. |
|
|
17. |
15 June 2004 |
Dedicated
website for AMLA on the MIA website. |
|
18. |
20 Sept 2004 |
4th Meeting
with FIU, BNM. |
|
19. |
29 Jun 2004 |
8th meeting
of the TFAML. |
|
20. |
July 2004 |
Issue of
“Accountants Today” – FAQs on AML – 1st set |
|
21. |
01 July 2004 |
Issuance of
1st Guidance by MIA. |
|
22. |
6 July 2004
– 26 Aug 2004 |
Programmes
on AML in 11 locations in Peninsular Malaysia and 4 locations in East
Malaysia |
|
23. |
Aug 2004 |
Issue of
“Accountants Today” – FAQs on AML – 2nd set. |
|
24. |
30 Sept 2004 |
Invocation
Order came into force – Sections 14(b), 20 and 24 of AMLA. |
|
25. |
Nov 2004 |
Issue of
“Accountants Today” – Published information on the invocation order of
30 September 2004. |
|
26. |
24 Nov 2004 |
Council
approved the conversion of Taskforce on AML to a Standing Committee |
|
27. |
08 Dec 2004 |
Circular No.
25/04
|
- |
Confirmed
invocation of section 14(b), section 20 and 24 on 30 September 2004.
Invocation order can be downloaded from MIA website. |
|
- |
STR form and
Guidance available on MIA website. |
|
- |
Members
urged to visit website for latest update. |
|
|
28. |
24 May 2005 |
9th meeting
of the TFAML. |
|
29. |
27 May 2005 |
Council
approved the survey on AMLA Compliance 2005. Also approved the 2nd
Edition of the Guidance. |
|
30. |
06 June 2005 |
Survey on
AMLA Compliance
|
- |
Sent out to
1800 MIA member firms throughout Malaysia. |
|
- |
Also
available online. |
|
- |
Results of
survey were disseminated to MIA members in July 2005. |
|
|
31. |
01 July 2005 |
2nd Edition
of the Guidance put on the website. |
|
32. |
06 July 2005 |
Circular No.
12/05.
|
- |
Reminder on
application of provisions of para 14(b), 20 and 24. |
|
- |
Invocation
of remaining provisions in Part IV – 30 September 2005. |
|
- |
Guidance
updated to standardise content with Invocation Order of 30 September
2004 and feedback from members. 2nd Edition available on MIA website. |
|
- |
Members
urged to visit website for latest update. |
|
|
33. |
8 July 2005 |
Council
approved the issuance of International Standards on Quality Control 1 (ISQC
1) which requires members in public practice to establish and maintain a
system of Quality Control, among others, in accepting client and
continuing relationship with client in audit engagement. Members were
required to establish such system by 1 July 2006. |
|
34. |
25 July 2005 |
Letter from
BNM – invocation of Part IV of AMLA to 2nd half of 2006. |
|
35. |
15 Aug 2005 |
Circular No.
16/05.
|
- |
Deferment of
other provisions in Part IV to second half of 2006. |
|
- |
Reminded
members to use this grace period to plan, prepare and implement key
elements of the AML framework as recommended in the Guidance (2nd
Edition). |
|
- |
Reminder
that obligations to report suspicious transactions to FIU remains in
force. |
|
- |
Members
urged to visit website for latest update. |
|
|
36. |
20 April
2006 |
6th Meeting
with FIU, BNM |
|
37. |
June 2006 |
Published
Quality Control Manual which provided members in public practice with a
guide in establishing and maintaining a system of quality control,
providing specimen documentation on recording procedures relating to
compliance with Money Laundering legislations. |
|
38. |
5 Sep 2006 |
Letter from
BNM – informing of Invocation of remaining provisions of Part IV of AMLA
with effect from 10/08/2006. |
|
39. |
14 Sep 2006 |
Circular No.
14/06
|
- |
Invocation
of remaining provisions in Part IV relating to client due diligence,
record keeping and the implementation of internal controls, polices,
procedures and compliance programmes on 10/08/2006. |
|
- |
Invocation
Order available on MIA website. |
|
|
40. |
9 Oct 2006 |
7th Meeting
with FIU, BNM |
|
41.. |
3 Nov 2006 |
BNM
circulated Revised Draft Response to MEQ and Draft Sectoral Guidelines
for Designated Non Financial Business and Professions (DNFBP) for
stakeholder’s comments. |
|
42. |
7-8th Nov
2006 |
FATF
Consultation with Associations of Lawyers, Accountants, Trust and
Company Service Providers in Amsterdam
- MIA attended |
|
43. |
24 Nov 2006 |
Council
approved issuance of MIA’s By-Laws (effective 1 January 2007), which
contained a provision on Professional Behaviour, imposing an obligation
on members to comply with relevant laws and regulations currently in
force. |
|
44. |
20 Dec 2006 |
MIA issued
to FIU, BNM its commentary on the Draft Sectoral Guidelines. |
|
45. |
08 Jan 2007 |
8th meeting
with FIU, BNM |
|
46. |
24 Jan 2007 |
Received
letter form BNM which inferred that Standard Guidelines and Sectoral
Guidelines 6 for DNFBP shall be effective from 2 February 2007. |
|
47. |
29 Jan 2007 |
Circular
4/2007 to inform members of the effective date of the Standard
Guidelines & Sectoral Guidelines 6. |
