Malaysia's measures to combat money laundering and terrorist financing

Mutual Evaluation of Malaysia - full report

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The Asia/Pacific Group on Money Laundering (APG) and the FATF completed a joint assessment  of Malaysia 's anti-money laundering and counter-terrorist financing (AML/CFT) system. The assessment is a comprehensive review of the effectiveness of Malaysia's AML/CFT system and its level of compliance with the FATF Recommendations. 

Overall, Malaysia has a robust legal AML/CFT framework with generally well-developed and implemented policies.

Malaysia is an observer to FATF and is working with the FATF to meet the criteria for membership. In line with these criteria, Malaysia must bring its level of compliance up to a satisfactory level. To strengthen its AML/CFT framework, it needs to take a number of actions, such as further risk assessments of terrorist financing and foreign sources threats, a greater focus on obtaining  convictions and confiscation and better use of financial intelligence by law enforcement agencies. 

Download the report: 

Full report

Executive summary

Effectiveness and technical compliance: 

2. National AML/CFT Policies and Co-ordination

3. Legal Systems and Operational Issues

4. Terrorist Financing and Financing of Proliferation

5. Preventive Measures

6. Supervision   

7. Legal Persons and Arrangements   ‌

8. International Co-operation

Key findings, ratings and priority actions:

 

More information: 

FATF Recommendations

FATF Methodology for assessing technical compliance with the FATF Recommendations and the Effectiveness of AML/CFT systems