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Compliance

MM AML/CFT & TFS Compliance Program & Policy Handbook (201)


Description
This document outlines the protocols and regulations governing e-money and remittance transactions at MMI. All staff, merchants, and business partners must adhere to these guidelines to ensure compliance and maintain the company's reputation.

The handbook is divided into two sections:
Section A: Policies and criteria in line with regulations set by the Bank Negara Malaysia (BNM).
Section B: Guidance on implementing procedures for compliance.

In accordance with Bank Negara Malaysia (BNM) requirements, all staff members are obliged to read and familiarise themselves with this policy and must undertake a refresher course annually.
Content
  • Introduction
  • Overview: Purpose of the handbook
  • Overview: What is money laundering?
  • Overview: What is terrorism financing?
  • Overview: What is proliferation financing?
  • What are the key laws and acts that affect MMI?
  • Test 1
  • Introduction to Part A Policies and Standards
  • Part A: Compliance Program
  • Part A: Compliance Program
  • Part A: Risk Management
  • Part A: Risk Management
  • Part A: Risk Management
  • Part A: Compliance Training Program
  • Test 2
  • Introduction to Part B Procedures
  • Part B: Customer On-Boarding Procedures
  • Part B: Customer Due Diligence (CDD)
  • Part B: Customer Due Diligence (CDD)
  • Part B: Transaction On Behalf
  • Part B: Sanction List Checking
  • Part B: Enhanced Customer Due Diligence (ECDD)
  • Part B: On-Going Due Diligence (ODD)
  • Part B: Suspicious Transaction Report
  • Part B: Record Keeping
  • Part B: Management Information System (MIS)
  • Test 3
  • End
Completion rules
  • All units must be completed
  • Leads to a certificate with a duration: 1 year
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