Regulatory Alerts2024-11-13
Malaysia National Risk Assessment 2023 Executive Summary
The National Coordination Committee to Counter Money Laundering issued the 2023 National Risk Assessment to evaluate Malaysia's money laundering and terrorism financing risks. The report identifies fraud, corruption, illicit drug trafficking, organized crime, and smuggling as the primary high-risk threats, while noting that terrorism financing risks have decreased. It outlines sectoral vulnerabilities and proposes 16 recommendations to strengthen control measures and address identified gaps in the national AML/CFT framework.
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