This course will guide participants in having a clear understanding of the provisions of the Anti-Money Laundering & Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (the “Act”) and the relevant guidelines issued by Bank Negara Malaysia, with particular emphasis for capital market intermediaries for remisiers.

Money laundering can take many forms as in essence it covers all activities and procedures to change the identity of illegally obtained money so that it appears to have originated from a legitimate source and capital market players must be trained to identify these methods.

The purpose of the Act is therefore to curb dealings with the proceeds of illegal activities and to forfeit shares, securities, assets and property derived from such proceeds, whether such assets and properties are situated within or outside Malaysia.