Anti-Money Laundering, Anti-Terrorism Financing, Anti-Restricted Activity Financing and Proceeeds of Unlawful Activities Act 2001 · Updated to 1 Mar 2026 · Part III · Financial Intelligence
8. Provisions relating to the competent authority
Feedback & supportThe Minister of Finance may, upon the recommendation of the competent authority, who shall consult the relevant supervisory authority of a reporting institution (if any), by order published in the
Gazette, *invoke any or all of the provisions of Part IV in respect of that reporting institution (if any).
For the avoidance of doubt, it is declared that a competent authority may exercise its powers under this section in respect of reporting institutions carrying on any or all of the activities listed in the First Schedule, and shall—
receive and analyze information and reports from any person, including reports issued by reporting institutions under section 14;
*NOTE—Paragraph 14(b), sections 20 and 24 invoked 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.
26 Laws of Malaysia
send any report received under paragraph (a) or any information derived from any such report to an enforcement agency or a coordination agency if it is satisfied or has reason to believe or suspect that a transaction involves proceeds of an unlawful activity or a serious offence is being, has been or is about to be committed; and
send any information derived from an examination carried out under Parts IV, VIA and VIB to an enforcement agency or a coordination agency if it has reason to suspect that a transaction involves proceeds of an unlawful activity or a serious offence is being, has been or is about to be committed.
The competent authority may—
compile statistics and records;
give instructions to a reporting institution in relation to any report or information received under section 14;
make recommendations to the relevant regulatory or supervisory authority of a reporting institution, the enforcement agency, the coordination agency and the relevant reporting institutions arising out of any report or information received under subsection (2); and
create training requirements and provide training for any reporting institutions in respect of their transactions and reporting and record-keeping obligations under Part IV.