What is money laundering in Malaysia?
Money laundering is a process of converting cash or property derived from criminal activities to give it a legitimate appearance. It is a process to clean ‘dirty’ money in order to disguise its criminal origin.
What is transportation money laundering?
FATF Report: Money Laundering Through the Physical Transportation of Cash. Cash smuggling is used to launder the proceeds of many types of illicit activities, including tax fraud, arms and drug trafficking, and terrorism finance.
How do you get a money laundering certificate?
You can get the AML Certificate in just three steps.
- Register for Uniform Examination and get the certification course material along with the reference books.
- Get the Simulated Exams once you complete reading the study material.
- Write your Final exams and wait for your results.
Where can I report money laundering in Malaysia?
To report a suspicious transaction, reporting institutions must complete the suspicious transaction report (STR) form and submit to the Financial Intelligence and Enforcement Department of Bank Negara Malaysia.
How can I smuggle money at the airport?
Money belts and neck wallets — those flat, cloth pouches that fit under your clothes — are the traditional ways to carry money safely while you’re traveling. They’re meant to escape the notice of pickpockets and muggers, and the newer ones even have RFID blocking to keep your credit card and passport information safe.
What is ICA qualification?
ICA is the leading global provider of professional qualifications and training in AML, compliance and fraud/financial crime prevention. Their internationally recognised qualification help individuals improve knowledge, enhance skills and progress their careers and help firms minimise financial and reputational risk.
Is ICA certificate useful?
The ICA’s professional qualifications are globally recognised and externally verified in the fields of anti money laundering, compliance and financial crime prevention and are a benchmark of competence and excellence within the industry.