Effective anti-money laundering and combating the financing of terrorism regimes are essential to protect the integrity of markets and of the global financial framework as they help mitigate the factors that facilitate financial abuse.
Min Zhu, Former Deputy Managing Director of the International Monetary Fund (“IMF”)
The Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (“AMLA”) is the primary statute governing the anti-money laundering and counter financing of terrorism (“AML/CFT”) regime in Malaysia. AML/CFT is a self-compliance programme — it is a legal obligation under the AMLA 2001 for each reporting institution (“RI”) to comply.
Section 3 of AMLA provides that “reporting institution means any person, including branches and subsidiaries outside Malaysia of that person, who carries on any activity listed in the First Schedule”. Recently, amendments were made to Part IV (Reporting Obligations) of AMLA which came into effect on 30 Dec 2021. The amendments mean that reporting obligations, which were previously applicable to advocates and solicitors as individuals, are now extended to include law firms as well as registered foreign lawyers and foreign law firms.
The relevant section on reporting obligations can be found under Part IV of AMLA. Section 19 of AMLA requires a reporting institution to have compliance programmes policies, procedures, and controls to guard against, and detect any offence under AMLA.
This Roadshow aims to educate and equip Members with basic knowledge on AMLA compliance, which would enable participants to have AMLA compliance policies within a firm. The event will be divided into two; theory and practical. The speakers are certified trainers for AML/CFT for Designated Non-Financial Businesses and Professions (“DNFBPS”).
Babu Raj Raja Gopal is an advocate and solicitor with more than 21 years of experience. His areas of practice include banking law, corporate disputes, and civil litigation. Currently, he is the Co-Chairperson of the Bar Council AMLA Committee. He has completed the Train-the-Trainer (“TTT”) Programme that was jointly conducted by Bank Negara Malaysia and the Asian Banking School. He actively conducts training sessions and seminars. He is the immediate past Chairman of the Perak State Bar Committee. He also sits as President of the Home Buyers Tribunal.
Ganeswary Palaniapan was admitted as an advocate and solicitor of the High Court of Malaya in 2001. She has led and set policies, guidelines, and procedures including conducting briefings and seminars for compliance officers at Labuan International Businesses and Financial Center. She provides legal advice and strategies in defending serious enforcement cases involving regulatory compliance and enforcement cases, encompassing public-listed company enforcement, directors’ enforcement, and market offences/market manipulation/misconduct cases. She is a certified trainer on AML/CFT for DNFBPs, and has obtained a certification from the Central Bank.
Terms and Conditions
Places are limited and registration is on a first-come, first-served basis.
For events with registration fees, all payments must be made in advance, including bank charges. Registration will be confirmed once proof of payment is provided by email or fax, and full payment is received.
For events that are not organised by Bar Council, please note that you are subject to the relevant terms and conditions specified by the external providers.
Cancellations must be made in writing.
If you have failed to inform the organiser on your cancellation for three consecutive times, you may be blacklisted for future events.
Refunds will be processed after the event is completed. This may take up to 30 business days. The conditions for refunds are as follows:
- Full refunds will be issued if the event is cancelled or postponed by the organiser due to some circumstances.
- No refunds for this course. However substitution is allowed.
The organiser reserves the right to modify, cancel or postpone the event, should circumstances arise that make such action necessary, whereupon all registration fees paid will be refunded.
You are allowed to transfer your place to another participant, but you must notify the organiser with the necessary details.
CPD points will not be awarded to lawyers and pupils in chambers from Peninsular Malaysia who arrive more than 15 minutes late, are not present throughout the event, or leave before its scheduled end.
The personal information that you provide to the Bar Council, whether now or in the future, may be used, recorded, stored, disclosed or otherwise processed by or on behalf of the Bar Council for the purposes of facilitation and organisation of this event, research and audit, maintenance of a participant database for the promotion of this event, and such ancillary services as may be relevant.
- Materials will be emailed only. No printed notes will be provided.
- No recording of the event is permitted via any means at any time.
- No part of the event content may be used/reproduced in any form without the written and explicit consent of the Bar Council and speaker(s).