Domestic Cooperation in combating ML/TF in Malaysia

The implementation of AML/CFT regime is coordinated by the National Coordination Committee (NCC) , a body established in 2000 to coordinate, implement and monitor the development of the national AML/CFT initiatives.

There are two levels of coordination:-

1. National Coordination Committee (NCC) High Level-Formulates policy, provide advisory role and set out the strategic direction of the NCC. This level comprises of the Heads or Deputies of the member Ministries or agencies
2. National Coordination Committee (NCC) Working Committee-Operational level where it involves coordination at the working level to address operational issues pertaining to the implementation and effectiveness of initiatives approved by the NCC High Level. At the operational level, sub-committees and task forces are established to discuss specific issues that require participation of various members. 

There are 3 mandates of the NCC:

1. Foster co-operation and promote consultation in the development of AML/CFT policies, legislation, law enforcement and other supporting infrastructures

1. Coordinate the National AML/CFT Risk Assessment initiatives and facilitate good practices with regard to the development, dissemination and implementation of AML/CFT measures;

1. Provide a forum for examining any operational or policy issues that have implications on the implementation, effectiveness and efficiency of the National AML/CFT and, where necessary, to make recommendations to the Government in order to address the issues.

There are 16 member of NCC:

1. Attorney General’s Chambers;
2. Bank Negara Malaysia;
3. Commpanies Commission of Malaysia;
4. Immigration Department of Malaysia;
5. Inland Revenue Board of Malaysia;
6. Labuan Financial Services Authority;
7. Malaysian Anti-Corruption Commission;
8. Ministry of Domestic Trade, Co-operatives and Consumerism;
9. Ministry of Finance;
10. Ministry of Foreign Affairs;
11. Ministry of Home Affairs;
12. Ministry of International Trade and Industry;
13. Registrar of Societies;
14. Royal Malaysia Police;
15. Royal Malaysian Customs Department; and
16. Securities Commission Malays

x

Comprised of 16 Ministries and government agencies from supervisory/regulatory authorities, law enforcement agencies and policy-making ministries. Bank Negara Malaysia is the Secretariat for the NCC. Members of the NCC are: