Regulatory Alerts2022-03-30
Malaysia National Risk Assessment on Money Laundering and Terrorism Financing 2020 Executive Summary
Issued by the National Coordination Committee to Counter Money Laundering, this report assesses the money laundering and terrorism financing risks across Malaysia's financial and non-financial sectors. Fraud, corruption, smuggling, illicit drug trafficking, and organized crimes are identified as the most prevalent predicate offenses with high money laundering threats, while terrorism financing risks remain medium-high due to challenges in detecting low-value transactions. The assessment highlights that while control measures have improved in most sectors, vulnerabilities persist in banking, designated non-financial businesses and professions, and emerging digital platforms, necessitating enhanced regulatory scrutiny and international cooperation.