BNM – AML/CFT/CPF Newsletter 04/2024

1.

Publication of the Executive Summary of National Risk Assessment (NRA) 2023

The NRA 2023 is the fifth iteration of a centralised assessment to identify and assess Malaysia’s exposure to money laundering and terrorism financing (ML/TF) risks. It is conducted under the ambit of the National Coordination Committee to Combat Money Laundering (NCC) in accordance with the international best practices and recommendations set out by the Financial Action Task Force (FATF). In August 2024, the NCC endorsed the results of the NRA 2023.

As required under the AML/CFT/CPF and TFS for DNFBP and NBFIs Policy Document, all reporting institutions shall be guided by the results of the NRA issued by the NCC in conducting their own risk assessments and take enhanced measures to manage and mitigate the risk identified in the NRA (paragraph 10.2.4).

2.

Publication of the Asia/Pacific Group on Money Laundering (APG) Typologies Report

The APG publishes regional typologies reports on an annual basis to assist stakeholders to better understand the nature of existing and emerging money laundering (ML), terrorism financing (TF), proliferation financing (PF) risks and pursue effective strategies in response. Each year APG members and observers provide case studies, observations on trends, research, information on regulatory enforcement action, and examples of international cooperation.

The 2024 APG Typologies Report includes information provided by 18 APG members, 11 APG observer organisations and four non-observer organisations and includes 138 case studies. In addition to the typologies provided, the report includes a focus chapter on threats and trends related to the misuse of legal persons.

3.

Data and Compliance Report (DCR) 2024

As it has been more than a month since the issuance of the Data and Compliance Report (DCR) 2024 on 15 October 2024, BNM is pleased to share updates on additional information to assist reporting institutions with your DCR 2024 submission.

DCR Offline Form

The offline versions of the DCR forms for each sector is available in the portal. Please be reminded that the submission of DCR 2024 is only via the DNFBP Portal and the submission made using the PDF forms will be rejected. The PDF forms can be accessed via this link : Question PDF Version 2024 DNFBP Portal.