Politically Exposed Persons

A simple guide on undertanding Politically Exposed Persons (PEP)s and close associates as defined by Bank Negara Malaysia

Policy Document on Anti-Money Laundering, Countering Financing of Terrorism and Targeted Financial Sanctions for Financial Institutions (AML/CFT and TFS for FIs)

The AML/CFT and TFS for FIs is a revision of the existing AML/CFT Sector 1 to 4 policy documents. This policy document also consolidates the four sectors-specific policy documents into a single policy document. This policy document sets out the responsibilities and obligations of reporting institutions imposed under the AMLA. Reporting institutions are expected to fulfil the requirement of implementing risk-based approach in managing ML/TF risks and to comply with the targeted financial sanctions requirements.