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/ http://irep.iium.edu.my/26914/1/Anti-Money_Laundering_and_Counter_Financing_of_Terrorism_Regulation_of_Banking.pdf |
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iium-26914 |
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eprints |
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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 |
| repository_type |
Digital Repository |
| institution_category |
Local University |
| institution |
International Islamic University Malaysia |
| building |
IIUM Repository |
| collection |
Online Access |
| language |
English |
| topic |
HG1501 Banking K Law (General) |
| spellingShingle |
HG1501 Banking K Law (General) Mohd. Yasin , Norhashimah Anti-money laundering and counter financing of terrorism regulation of banking institution in Malaysia |
| 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. |
| format |
Article |
| author |
Mohd. Yasin , Norhashimah |
| author_facet |
Mohd. Yasin , Norhashimah |
| author_sort |
Mohd. Yasin , Norhashimah |
| title |
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_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_sort |
anti-money laundering and counter financing of terrorism regulation of banking institution in malaysia |
| publisher |
INSI Publications |
| publishDate |
2012 |
| 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 |
| first_indexed |
2023-09-18T20:40:03Z |
| last_indexed |
2023-09-18T20:40:03Z |
| _version_ |
1777409304337317888 |