Reporting institutions are required to implement AML/CFT risk management that commensurate with the level of money laundering and terrorism financing risks.
Participants will be introduced to the best practices for escalating suspicious transaction reports (STRs) to Bank Negara Malaysia, conducting Customer Due Diligence (CDD), the importance of Know Your Customer (KYC) and individual who will be categorize as the Politically Exposed Person (PEPs).
