OTHER TRAINING Anti-Money Laundering and Anti-Terrorism Financing ACT 2001 – 1 Day

KAP Core Features Panel

Official completion credential.

Robust operational course modules.

Official JKKP Registered Lead.

Continuous post-training advisory.

Course Curriculum

Core Purpose: Designed to provide a comprehensive understanding of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (AMLA) and its critical role in the Malaysian financial landscape.
Regulatory Compliance: Focuses on the statutory obligations of "reporting institutions" to prevent their services from being exploited for the laundering of illicit funds or the financing of terrorism.
Risk-Based Approach: Centers on the identification of high-risk customers and transactions, moving from a "tick-box" exercise to a sophisticated, risk-based monitoring system.
Enforcement Awareness: Highlights the far-reaching powers of Bank Negara Malaysia (BNM) and other enforcement agencies, including the ability to freeze, seize, and forfeit assets.

The 3 Stages of Money Laundering: Understanding the technical lifecycle of illicit funds through Placement, Layering, and Integration.
Customer Due Diligence (CDD): Mastering the "Know Your Customer" (KYC) protocols, including enhanced due diligence for Politically Exposed Persons (PEPs) and high-risk entities.
Reporting Obligations: Detailed guidance on the identification and filing of Suspicious Transaction Reports (STRs) and Cash Threshold Reports (CTRs).
Record Keeping & Compliance: Establishing robust internal audit trails and maintaining the mandatory 7-year record retention period required by Malaysian law.

Institutional Protection: Shielding the organization and its employees from criminal liability, which can include heavy fines and imprisonment for negligence.
Financial System Integrity: Playing a vital role in maintaining the stability and reputation of the Malaysian economy within the global financial system.
Avoidance of Penalties: Preventing severe regulatory sanctions and the potential revocation of operating licenses by Bank Negara Malaysia or the Securities Commission.
Reputational Safeguarding: Ensuring the organization is not associated with criminal syndicates or terrorist activities, which could cause irreparable brand damage.