Money Laundering in Malaysia

1. NAME CLASS
KESHWARY A/P SHANMUGAVEL BLEI A8
RAJA NOR ALIA BINTI RAJA MAHMOOD BLEI A8
SEVI SANGIRI A/P JAYA KRISHNAN BLEI A9

2. A PROCESS OF CONVERTING CASH OR
PROPERTY DERIVED FROM CRIMINAL
ACTIVITES TO GIVE IT A LEGITIMATE
APPEREANCE.
MONEY
LAUNDERING

3. MONEY LAUNDERING PROCEES

4. LAW
& PUNISHMENT
Anti-money
laundering, anti-
terrorism financing
and proceeds of
unlawful activities
Act 2011(act 613)
Under section 4 offence
of money laundering
(AMLATFA) any person
who directly or indirectly
in a transaction that
involves proceeds of an
unlawful activity. imprisonment for 15 years and
a fine of not less than five times
the sum or value of the
proceeds of the unlawful activity
or instrumentalities of the
offence at the time the offence
was committed or rm5 million,
whichever Is higher.

5. RATE OF CRIME
IN MALAYSIA
The probability of money
laundering in Malaysia
places medium risk
through the year 2013 till
2017.
Offshore banks, non-bank
deposit taking companies, the
least likely exposed to crime
of money laundering

8. poor internal
control systems
and financial
procedures
difficulties in
identifying
money
laundering
crime
inefficiency of
financial
transactions
REASONS OF RATE

9. RESEARCH ON
CASES

11. APPROACHESAND STRATEGIES
CCD AND RECORD KEEPING
REPORTING SUSPICIOUS TRANSACTION
INTERNAL CONTROL
INTERNATIONAL COOPERATION