Circular No 093/2022
Dated 1 Apr 2022

To Members of the Malaysian Bar

Amendments to Subsidiary Legislation on Invocation of Part IV
(Reporting Obligations)

We were informed by Bank Negara Malaysia (“BNM”) that amendments were made to Part IV (Reporting Obligations) of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (“AMLA”) and came into effect on 30 Dec 2021.  The amendments mean that reporting obligations which were previously applicable to advocates and solicitors as individuals are now extended to include law firms as well as registered foreign lawyers and foreign law firms.

BNM has also stated that pursuant to the amendments made, advocates and solicitors as individuals and firms including registered foreign lawyers and foreign law firms carrying on business involving Gazetted Activities are required to ensure compliance with Part IV of AMLA and the Anti-Money Laundering, Countering Financing of Terrorism and Targeted Financial Sanctions for Designated Non-Financial Businesses and Professions & Non-Bank Financial Institutions (AML/CFT and TFS for DNFBPs and NBFIs) Policy Document.

Click here (see page 2 onwards) to view BNM’s letter dated 27 Jan 2022 and the orders as published in the Gazette.

Should you have any enquiries on the amendments made, please contact Puan Nirmala Devi Ramadass (nirmala@bnm.gov.my) or Cik Amarjit Kaur Paridam Singh (amarjit@bnm.gov.my).

Thank you.

Mohamad Ezri Abdul Wahab, Krishna Dallumah and Babu Raj Raja Gopal
Co-Chairpersons
Committee on AMLA

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