Anti-Money Laundering, Anti-Terrorism Financing, Anti-Restricted Activity Financing and Proceeeds of Unlawful Activities Act 2001 s 19
Anti-Money Laundering, Anti-Terrorism Financing, Anti-Restricted Activity Financing and Proceeeds of Unlawful Activities Act 2001 s 19
s 19 Compliance programme
(1) A reporting institution shall adopt, develop and implement internal programmes, policies, procedures and controls to guard against and detect any offence under this Act.
(2) The programmes in subsection (1) shall include—
(a) the establishment of procedures to ensure high standards of integrity of its employees and a system to evaluate the personal, employment and financial history of these employees;
(b) on-going employee training programmes, such as “knowyour-customer” programmes, and instructing employees with regard to the responsibilities specified in sections 13, 14, 15, 16 and 17; and
(c) an independent audit function to check compliance with such programmes.
(3) A reporting institution shall implement compliance programmes under subsection (1) on its branches and subsidiaries in and outside Malaysia.
(4) A reporting institution shall also designate compliance officers at management level in each branch and subsidiary who will be in charge of the application of the internal programmes and procedures, including proper maintenance of records and reporting of suspicious transactions.
(5) A reporting institution shall develop audit functions to evaluate such policies, procedures and controls to test compliance with the measures taken by the reporting institution to comply with the provisions of this Act and the effectiveness of such measures.
Malay text (authoritative)
Rancangan pematuhan
(1) Sesuatu institusi pelapor hendaklah menerima pakai, membangunkan dan melaksanakan rancangan, polisi, tatacara dan kawalan dalaman bagi mengelakkan dan mengesan apa-apa kesalahan di bawah Akta ini.
(2) Rancangan dalam subseksyen (1) hendaklah termasuk—
(a) pewujudan tatacara bagi memastikan tahap integriti yang tinggi bagi pekerja-pekerjanya dan suatu sistem untuk menilai sejarah peribadi, pekerjaan dan kewangan pekerjapekerja itu;
(b) rancangan latihan pekerja secara berterusan, seperti rancangan “kenali pelanggan anda”, dan mengarahkan pekerja-pekerja mengenai tanggungjawab yang ditentukan dalam seksyen 13, 14, 15, 16 dan 17; dan
(c) suatu fungsi audit bebas bagi memeriksa pematuhan rancangan itu.
(3) Sesuatu institusi pelapor hendaklah melaksanakan rancangan pematuhan di bawah subseksyen (1) ke atas cawangan dan subsidiarinya di dalam dan di luar Malaysia.
(4) Sesuatu institusi pelapor hendaklah juga melantik pegawai pematuhan pada peringkat pengurusan dalam setiap cawangan dan subsidiari yang akan bertanggungjawab bagi pemakaian rancangan dan tatacara dalaman itu, termasuk penyenggaraan yang berpatutan bagi rekod dan pelaporan transaksi yang mencurigakan.
(5) Sesuatu institusi pelapor hendaklah membangunkan fungsi audit bagi menilai polisi, tatacara dan kawalan itu bagi menguji pematuhan langkah yang diambil oleh institusi pelapor itu bagi mematuhi peruntukan Akta ini dan keberkesanan langkah itu.
Source: Laws of Malaysia, Attorney General's Chambers of Malaysia (lom.agc.gov.my). Not a copy of the Gazette printed by the Government Printer (Interpretation Acts 1948 and 1967, s 61).
