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.
Wrap-up, Q&A & Certificates
5:00 PMProgramme wrap-up, open Q&A session, and certificate presentation.
Training Mode Physical / Online / Hybrid / e-learning
HRD Corp SBL-Khas Claimable
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
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
