Anti-money laundering and counter financing of terrorism regulation of banking institution in Malaysia
The Anti-Money Laundering and Anti-Terrorism Financing Act 2001 (AMLATFA) is the sole legislation dealing with this matter in Malaysia. Part 4 of this Act is the basic regulation for ‘reporting institutions’, including all types of bank. As Part 4 is only general, the Malaysian Central Bank as th...
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| Format: | Article |
| Language: | English |
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INSI Publications
2012
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| Online Access: | http://irep.iium.edu.my/26914/ http://irep.iium.edu.my/26914/1/Anti-Money_Laundering_and_Counter_Financing_of_Terrorism_Regulation_of_Banking.pdf |
| _version_ | 1848779729884151808 |
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| author | Mohd. Yasin , Norhashimah |
| author_facet | Mohd. Yasin , Norhashimah |
| author_sort | Mohd. Yasin , Norhashimah |
| building | IIUM Repository |
| collection | Online Access |
| description | The Anti-Money Laundering and Anti-Terrorism Financing Act 2001 (AMLATFA) is the
sole legislation dealing with this matter in Malaysia. Part 4 of this Act is the basic regulation for
‘reporting institutions’, including all types of bank. As Part 4 is only general, the Malaysian Central
Bank as the ‘Competent Authority’ has issued detailed Guidelines. All ‘reporting institutions, banks
included, must follow the Standard Guidelines (UPW/GP1). There are ten Sectoral Guidelines
UPW/GP1[1] is for banks. Failure to follow the Act and the associated Guidelines could result in
severe legal consequences. |
| first_indexed | 2025-11-14T15:22:25Z |
| format | Article |
| id | iium-26914 |
| institution | International Islamic University Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-14T15:22:25Z |
| publishDate | 2012 |
| publisher | INSI Publications |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | iium-269142013-02-13T03:28:11Z http://irep.iium.edu.my/26914/ Anti-money laundering and counter financing of terrorism regulation of banking institution in Malaysia Mohd. Yasin , Norhashimah HG1501 Banking K Law (General) The Anti-Money Laundering and Anti-Terrorism Financing Act 2001 (AMLATFA) is the sole legislation dealing with this matter in Malaysia. Part 4 of this Act is the basic regulation for ‘reporting institutions’, including all types of bank. As Part 4 is only general, the Malaysian Central Bank as the ‘Competent Authority’ has issued detailed Guidelines. All ‘reporting institutions, banks included, must follow the Standard Guidelines (UPW/GP1). There are ten Sectoral Guidelines UPW/GP1[1] is for banks. Failure to follow the Act and the associated Guidelines could result in severe legal consequences. INSI Publications 2012 Article PeerReviewed application/pdf en http://irep.iium.edu.my/26914/1/Anti-Money_Laundering_and_Counter_Financing_of_Terrorism_Regulation_of_Banking.pdf Mohd. Yasin , Norhashimah (2012) Anti-money laundering and counter financing of terrorism regulation of banking institution in Malaysia. Australian Journal of Basic and Applied Sciences, 6 (11). pp. 294-300. ISSN 1991-8178 http://www.ajbasweb.com/ajbas_Special%20issue_2012.html |
| spellingShingle | HG1501 Banking K Law (General) Mohd. Yasin , Norhashimah Anti-money laundering and counter financing of terrorism regulation of banking institution in Malaysia |
| title | Anti-money laundering and counter financing of terrorism regulation of banking institution in Malaysia |
| title_full | Anti-money laundering and counter financing of terrorism regulation of banking institution in Malaysia |
| title_fullStr | Anti-money laundering and counter financing of terrorism regulation of banking institution in Malaysia |
| title_full_unstemmed | Anti-money laundering and counter financing of terrorism regulation of banking institution in Malaysia |
| title_short | Anti-money laundering and counter financing of terrorism regulation of banking institution in Malaysia |
| title_sort | anti-money laundering and counter financing of terrorism regulation of banking institution in malaysia |
| topic | HG1501 Banking K Law (General) |
| url | http://irep.iium.edu.my/26914/ http://irep.iium.edu.my/26914/ http://irep.iium.edu.my/26914/1/Anti-Money_Laundering_and_Counter_Financing_of_Terrorism_Regulation_of_Banking.pdf |