Regulatory Alerts2019-09-17
National Money Laundering and Terrorism Financing Risk Assessment 2017
Malaysia conducted its 2017 National Risk Assessment to identify and mitigate money laundering and terrorism financing risks in compliance with FATF standards. The report identifies fraud, smuggling, and corruption as high inherent risks with marginal control effectiveness, while highlighting weak compliance in jewelers and marginal controls in money services businesses. Sectoral assessments reveal that the banking sector faces high money laundering risks, whereas non-profit organizations and capital market intermediates present medium to medium-high risks requiring enhanced oversight.
Share