Circular No 095/2021
Dated 11 Mar 2021

To Members of the Malaysian Bar

Launch of Bank Negara Malaysia’s AML/CFT Newsletter Archive and Report on COVID-19 and the Changing Money Laundering and
Terrorist Financing Risk Landscape by FATF

We have received a newsletter by Bank Negara Malaysia (“BNM”) informing us that it has compiled all past issues of the Anti-Money Laundering, Countering Financing of Terrorism (“AML/CFT”) newsletters into a centralised archive, which is available here.

BNM has also informed us that the Financial Action Task Force (“FATF”) has released a report to highlight the latest developments of COVID-19 related crimes, which is available here.

Click here to view BNM’s newsletter on the above-mentioned matters.

Firms are reminded to appoint an AML/CFT Compliance Officer (“CO”).

The guidelines for Compliance Officer can be found in the BNM’s policy document on Anti-Money Laundering, Countering Financing of Terrorism and Targeted Financial Sanctions for Designated Non-Financial Businesses and Professions (DNFBPs) & Non-Bank Financial Institutions (NBFIs) (“policy document”), which is available here.

The CO nomination form can be found at Appendix 3 (page 78) of the policy document.  Alternatively, you may also download the CO nomination form from the AML/CFT Microsite at this link.  The infographic containing information on CO is available here (see page 2), and can also be found on page 152 of the policy document.  For details on appointing a Compliance Officer, please contact BNM Officer Mun Chooi Wan (03-2698 8044; fied@bhm.gov.my).

Should you have any enquiries, please contact BNM’s Financial Intelligence and Enforcement Department (“FIED”) by telephone at 1-300-88-5465 or by email to fied@bhm.gov.my.

Thank you.

AG Kalidas
Secretary
Malaysian Bar

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