Print       Share


Anti-Money Laundering and Counter Financing of Terrorism (AML/CFT) – Money Services Business (Sector 3) (Supplementary Document No. 1)

Release Date: 07 Dec 2017

Issuance Date:
30 November 2017
 
Effective Date:
30 November 2017
 
Summary:
This policy document sets out the minimum requirements and standards that an approved remittance service provider must observe in implementing electronic Know Your Customer (e-KYC) for establishing business relationships and conducting consumer due diligence in carrying on remittance business through online or mobile channels. This is to ensure effective and robust Anti-Money Laundering and Counter Financing of Terrorism (AML/CFT) control measures and systems for the provision of online and mobile remittance services.
 
Applicability:
MSBA
 
Section in Charge:
POLICY, COMMUNICATION & INDUSTRY TRANSFORMATION (MONEY SERVICES BUSINESS REGULATION DEPARTMENT)
 
Issuing Department:
Financial Intelligence and Enforcement

Refer Attachment: 

© Bank Negara Malaysia, 2017. All rights reserved.