BNM’s AML/CFT Newsletter #13: Webinar Series 4 and Institutional Risk Assessment
Bank Negara Malaysia (BNM) wishes to inform that we have issued Newsletter #13 which highlights the following:
(a) Webinar Series 4 which will focus on the application of Risk-based Approach
The latest webinar will focus on RBA which includes step-by-step guide to conduct Customer Risk Profiling and Institutional Risk Assessment. Please note that only appointed AML/CFT Compliance officers and their named employees will be accepted for registration. For more details on the schedule and registration for Webinar Series 4, please refer to the Webinar Series 4 flyer.
(b) Information and resources on RBA requirements
One of the key AML/CFT requirements that needs to be practised by the reporting institutions (RIs) i.e. Institutional Risk Assessment. In line with the recommendations of Financial Action Task Force (FATF), RIs need to be able to identify, assess and understand their exposure to ML/TF risk at institutional level. This can be achieved by conducting the Institutional Risk Assessment. Relevant guidance and useful materials on the application of Risk-based Approach are incorporated in the newsletter to support RI’s understanding and implementation of the said requirements.
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