AMLA

Prevent Money Laundering & Financial Crime

Our system supports businesses in fulfilling Bank Negara’s Customer Due Diligence (CDD) obligations by providing robust identity verification tools and effective anti-money laundering measures. This process have the ability to verify a customer’s identity using reliable documentation, such as identification card or passport, in line with regulatory expectations. This ensures that the individual is who they claim to be and allows businesses to accurately verify the customer’s background before any transactions. Our system also helps prevent money laundering and terrorism financing by screening individuals against global and domestic watchlists, including sanctions, PEPs, and enforcement actions, the system highlights redavoid engaging with suspicious individuals, and remain fully compliant with AML/CFT requirements under Malaysian regulations.

Customer Due Diligence (CDD) with Know Your Customer (KYC)

Customer Due Diligence (CDD) is a key part of the Know Your Customer (KYC) process. It involves identifying and verifying the identity of individuals before entering into a business relationship or allowing a transaction. CDD ensures that businesses understand who their customers are, the purpose of their transactions, and whether they are acting on behalf of someone else. This includes verifying key details such as name, identification number, nationality, and screening them against sanction and watchlists. KYC forms the foundation of CDD by requiring businesses to collect accurate customer information, assess potential risks, and determine if enhanced measures are needed. Together, CDD and KYC help prevent misuse of financial services for money laundering or terrorism financing, while supporting regulatory compliance through proper record keeping and risk profiling.

Transaction Purpose Declaration

In accordance with Malaysia AML/CFT guidelines, understanding the purpose of a transaction is a key part of effective Customer Due Diligence(CDD). Our system required user to declare the purpose of transaction during verification process. This declaration helps build a clear customer profile and provides essential context for the transaction. By capturing this information upfront and linking it to the customer’s identity and risk profile, the system enables institutions to detect inconsistencies or red flags—such as mismatched transaction behavior or unusual fund movements. This supports early detection of potential money laundering or terrorism financing activities and aligns with regulatory expectations to “know your customer” beyond surface-level identification.

Targeted Financial Sanctions (TFS)

Our AMLA Screening System complies with Targeted Financial Sanctions (TFS) in line with Bank Negara Malaysia’s requirements to combat terrorism financing, proliferation financing, and other UN-mandated sanctions. It helps businesses screen customers and transactions against updated domestic and international sanctions lists, instantly flagging potential matches and providing detailed information on the individual’s related activities, charges, or links to high-risk jurisdictions. With daily data updates ensuring the most current information, our AMLA screening system enables businesses to remain compliant while effectively preventing funds or services from reaching designated individuals involved in prohibited activities or crimes.

Reduce Risk & Increase Operational Integrity

Our AMLA Screening System equips businesses with detailed and reliable information of individuals in compliance with Bank Negara Malaysia’s AML/CFT requirements and global best practices. Each individual is assessed against key risk factors such as nationality, place of residence, PEP status, transaction patterns, and possible links to high-risk jurisdictions. The system consolidates data from trusted international watchlists, adverse media sources, and enforcement records, giving businesses a complete risk profile for every person screened. These insights enable businesses to apply the appropriate level of customer due diligence, meet regulatory obligations efficiently, and focus resources where they are most needed. By improving risk detection, the system helps reduce operational risk, enhance regulatory compliance, and strengthen overall business integrity.

Record Keeping and Audit Trail

Our AMLA System automatically stores all customer due diligence actions, screening results, and supporting verification documents in a secure and traceable format. Each action is logged with a timestamp to ensure accountability and enable easy retrieval when needed. This includes identity documents and transaction records In addition to storing customer information, the system also keeps records of internal analysis and assessments—such as risk profiling results, suspicious activity reviews, and any reports filed to Bank Negara Malaysia. All documents are retained for at least six years after the conclusion of a transaction, in compliance with the requirements under the Evidence Act 1950. This ensures your records are court-admissible, audit-ready, and aligned with Malaysia’s AML regulations.