The Anti-Money Laundering (AML), Countering Financing of Terrorism (CFT), Countering Proliferation Financing (CPF) and Targeted Financial Sanctions (TFS) for Financial Institutions (AML/CFT/CPF and TFS for FIs) policy document is a revision of the AML/CFT and TFS for FIs policy document issued on 31 December 2019.

This policy document incorporates the recent updates to the Financial Action Task Force’s Standards and enhances clarity on the AML/CFT/CPF requirements imposed on reporting institutions. Reporting institutions are required to implement a risk-based approach in managing ML/TF/PF risks and comply with the TFS requirements.

Issuance Date
5 February 2024

Effective Date
6 February 2024

Issuing Department
Financial Intelligence and Enforcement Department

Applicable to:
1. Licensed banks
2. Licensed investment banks
3. Licensed Islamic banks
4. Licensed insurers
5. Licensed takaful operators
6. Prescribed development financial institutions
7. Licensed money services businesses
8. Approved issuers of designated payment instruments
9. Approved issuers of designated Islamic payment instruments
10. Lembaga Tabung Haji
11. Approved financial advisers
12. Approved Islamic financial advisers
13. Approved insurance brokers
14. Approved takaful brokers

Document

• Anti-Money Laundering, Countering Financing of Terrorism, Countering Proliferation Financing and Targeted Financial Sanctions for Financial Institutions