Anti-Money Laundering, Anti-Terrorism Financing, Anti-Restricted Activity Financing and Proceeeds of Unlawful Activities Act 2001 · Updated to 1 Mar 2026 · Part IV · Reporting Obligations
13. Record-keeping by reporting institutions
Feedback & supportA reporting institution, or the director, officer or employee of the reporting institution shall keep a record of all domestic and international transactions or activities.
The record referred to in subsection (1) shall be in such form as the competent authority may specify.
The record referred to in subsection (1) shall include the following information for each transaction or activity:
the identity and address of the person in whose name the transaction or activity is conducted;
the identity and address of the beneficiary or the person on whose behalf the transaction or activity is conducted, where applicable;
the identity and address of the person purporting to act on behalf of a customer in the opening of an account or for the carrying out of the transaction or activity, where applicable;
the identity of the accounts affected by the transaction or activity, if any;
the type of transaction or activity involved, such as deposit, withdrawal, exchange of currency, cheque cashing, purchase of cashier’s cheques or money orders or other payment or transfer by, through, or to such reporting institution;
the identity of the reporting institution where the transaction or activity occurred; and
the date, time and amount of the transaction or activity,
32 Laws of Malaysia and shall also include such other information as the competent authority may specify.
For the purposes of subsections (2) and (3), the competent authority may issue any directions, instruction, guideline, circular, standard, notice, specification or requirement to, or impose any condition on, the reporting institution, or the director, officer or employee of the reporting institution as the competent authority considers necessary.
The reporting institution, or the director, officer or employee of the reporting institution shall comply with the directions, instruction, guideline, circular, standard, notice, specification or requirement issued, or the condition imposed under subsection (3A).
(Deleted by Act A1761).
Any reporting institution which, or the director, officer or employee of the reporting institution who, contravenes subsection (1)
or (3B) commits an offence and shall, on conviction, be liable to a fine not exceeding one million ringgit.