A one-day programme designed for newly appointed or incoming Compliance Officers in Designated Non-Financial Businesses and Professions (DNFBPs) and Non-Bank Financial Institutions (NBFIs). The programme maps directly to the 9 CO duties defined by Bank Negara Malaysia and equips participants to fulfil the fit and proper criteria required for their BNM-registered role.
Participants leave with the knowledge to notify BNM of their appointment, build an internal AML/CFT compliance programme, evaluate STRs, and prepare their organisation for a BNM supervisory review.
HRD Corp SBL-Khas Claimable
8:30 AM – 9:00 AM
Registration, Welcome & Objectives
Participant registration, programme overview, and learning objectives for the day.
9:00 AM – 10:30 AM
Legal Framework and the CO Role
AMLA 2001 purpose, scope, and key definitions, DNFBP and NBFI Reporting Institution categories, the 9 CO duties from BNM's official CO Guide, fit and proper criteria, CO appointment process, nomination form, FIED submission, and personal liability for COs and directors.
10:30 AM – 10:45 AM
Break
10:45 AM – 12:30 PM
AML/CFT Policy, Risk Assessment and Red Flags
What an adequate AML/CFT compliance programme must contain, applying the Risk-Based Approach to assess ML/TF exposure, sector-specific risk factors for property agents, lawyers, accountants, and company secretaries, building a documented red flag list, new product risk assessment, staff awareness obligations, and securing the internal reporting channel.
12:30 PM – 1:30 PM
Lunch
1:30 PM – 3:30 PM
CDD, STR, CTR and Sanctions
Customer Due Diligence, beneficial ownership, Enhanced Due Diligence for high-risk customers and PEPs, ongoing CDD for DNFBPs, Suspicious Transaction Reports, Cash Threshold Reports, Targeted Financial Sanctions, sanctions screening against Domestic and UN Sanctions Lists, and record keeping requirements.
3:30 PM – 3:45 PM
Break
3:45 PM – 5:00 PM
Controls Assessment and BNM Inspection Readiness
Assessing AML/CFT controls against BNM expectations, common gaps in DNFBP supervisory reviews, building a CO compliance calendar with monthly, quarterly, and annual tasks, and a 30-day CO action plan for Day 1 in role.
5:00 PM
Wrap-up, Q&A & Certificates
Programme wrap-up, open Q&A session, and certificate presentation.
Newly appointed Compliance Officers in property agencies, legal firms, accounting firms, company secretarial firms, and money services businesses. Directors or senior managers who carry the CO responsibility in smaller organisations. Operations or finance managers supporting the CO function. Any professional who has received a BNM circular on AML/CFT obligations and needs to act on it.
Level Intermediate — suitable for newly appointed COs and those seeking to fulfil BNM's fit and proper criteria
Duration 1 Day | 8:30 AM – 5:00 PM
Training Mode Physical / Online / Hybrid
Venue Online session or in-house training at client's premises
Assessment Written knowledge check — 70% pass mark required. One resit permitted within 14 days.
Certificate Certificate of Completion awarded upon successful assessment and full attendance
