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
14. Report by reporting institutions
Feedback & supportA reporting institution shall promptly report to the competent authority—
*(a) any transaction exceeding such amount as the competent authority may specify;
**(b) any transaction or activity where the identity of the person involved, the transaction or activity itself or any other circumstances concerning that transaction or activity gives any officer or employee of the reporting institution reason to suspect that the transaction or activity involves proceeds of an unlawful activity or instrumentalities of an offence;
*NOTE—Paragraph 14(1)(a)–see Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of
Unlawful Activities (Invocation of Part IV) (No. 2) Order 2014 [P.U. (A) 324/2014].
**NOTE—Invoked pursuant to section 8 of this Act on institutions carrying on banking business, finance company business, merchant banking business and Islamic banking business which comes into operation on 15 January 2002–see P.U. (A) 20/2002.
Anti-Money Laundering, Anti-Terrorism 33
Financing, Anti-Restricted Activity Financing and Proceeds of Unlawful Activities
*(c) any transaction, activity or property where any officer or employee of the reporting institution has reason to suspect that the transaction, activity or property involved is related or linked to, is used or is intended to be used for or by, any terrorist act, terrorist, terrorist group, terrorist entity or person who finances terrorism;
terrorist act
“terrorist act” has the same meaning as in section 130B of the Penal Code;
any transaction, activity or property where any officer or employee of the reporting institution has reason to suspect that the transaction, activity or property involved is related or linked to, is used or intended to be used for or by, any restricted activity, proliferator or person who finances restricted activity;
any suspicious transaction or activity as may be specified by the competent authority.
(Deleted by Act A1761).
For the purposes of this section, 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 on reporting mechanism and the manner to detect patterns of behaviour involving suspicious transaction or activity.
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 (3).
Any reporting institution which contravenes subsection (1) or any reporting institution which, or the director, officer or employee of the reporting institution who, contravenes subsection (4) commits an offence and shall, on conviction, be liable to a fine not exceeding one million ringgit.
*NOTE—See Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities
(Invocation of Part IV) (No. 2) Order 2014 [P.U. (A) 324/2014].
34 Laws of Malaysia