...Nursyakila Kamaruddin; Nor Suziwana Tahir; Sarina Othman; Saslina Kamaruddin Purpose This paper aims to investigate the challenges faced by company secretaries in complying with anti-money laundering ( AML ) laws and their requirements in Malaysia. The focus of the study is to analyse...

... has been collected from the various provisions of laws and text reading, such as books, articles, journals, law cases and thesis regarding anti-money laundering laws and those analysed with the content analysis method and the critical analysis method. Findings This study found that Malaysia has...

...Aspalella A. Rahman; Harlida Abdul Wahab Purpose This paper aims to analyse the anti-money laundering (AML) obligations imposed on bankers as the main reporting entities under the AML regime in Malaysia. Apart from discussing the relevant provisions, several court cases were also examined...

... anti-money laundering laws. It is hoped that the content of this paper can provide some insight into this particular area for enforcement authorities, practitioners, academics, policymakers and legal advisers not only in Malaysia but also elsewhere. The findings of this paper also expose any weakness...

... of corruption and money laundering (ML) on banking profitability and stability. This study uses the panel data of 72 banks of Pakistan and Malaysia from 2012–2018. This paper uses fixed effect (FE) and random effect (RE) regression techniques for empirical testing and generalized methods of moment (GMM...

... to be played by civil forfeiture actions focused at the property itself. Many countries have enacted such laws recently (Cassella, 2008). Malaysia has moved towards forming an effective anti-money laundering (AML) regime and AML Act (AMLA) was first enacted in 2002 where the Financial Action Task Force...

... criminal activities. Laundering of money involves the hiding and cleaning of “dirty money” derived from unlawful activities. Malaysia has come up with its own regime of anti-money laundering. Anti-Money Laundering and Anti-Terrorism Financing Act 2001 (AMLATFA) provides power to forfeit proceeds at the end...

...‐terrorism Financing Act 2003 (AMLATFA) in Malaysia, in curbing money laundering and terrorism funding activities. At the same time, the paper provides an overview on the applicability and practicability of the enforcement mechanisms in Malaysia by exploring legislations from different jurisdictions...

... Financing Act, but also its regulations and guidelines which affect banks in detail, as this is the most important legislation for the purpose of this paper. Findings It is apparent that the reporting suspicious transactions regime has had a significant impact on the operations of banks in Malaysia...

...Zakiah Muhammaddun Mohamed; Khalijah Ahmad Purpose The purpose of this paper is to examine money laundering cases investigated by the Central Bank of Malaysia under the Anti‐Money Laundering and Anti‐Terrorism Financing Act 2001. Design/methodology/approach This study analyzes the contents...

... this by looking at the current money laundering trends in Malaysia, followed by a detailed account of the initiatives taken by the Malaysian authorities to curb such activities. These proactive initiatives range from the enactment and implementation of the Anti‐Money Laundering (AML) Act 2001, the establishment...

... laundering Insurance companies Terrorism Malaysia Intermediaries The insurance sector in developing countries is far more vulnerable to money laundering. This is because the regulators in developing countries often sideline the insurance sector in implementing protective measures. In recent times...

... by providing a description of the money‐laundering process in general and, more specifically, the international trade‐based money‐laundering mechanism. This is followed by an account of the development of international trade in Malaysia and related control mechanisms undertaken, so as to highlight the scope...

...Elsa Bawani Satkunasingam; Bala Shanmugam Purpose To provide arguments in favour of legalising rotating savings and credit associations (ROSCAs) as they play an important role in savings and credit for women in Malaysia. Design/methodology/approach The paper refers to previous studies...

... connections. Outlines the benefits of hawala remittance as its cost effectiveness, reliability, efficiency, speed, and convenience for foreign workers who may be semi‐illiterate and certainly not familiar with formal banking systems. Relates this to actual hawala money changers in Malaysia’s Klang Valley, who...

...Bala Shanmugam; Mahendhiran Nair; R. Suganthi Highlights the growth of money laundering in Malaysia and the efforts of the Malaysian government to curb it, including the Anti‐Money Laundering Act 2001; Malaysia was named by the US Pentagon as one of the countries through which terrorist funds pass...