Mutual Evaluation of Malaysia - full report
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.
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Effectiveness and technical compliance:
Key findings, ratings and priority actions: