Anti-Money Laundering Anti-Terrorism Financing and Proceeds of Unlawful Activities (AMLA) Policies and Procedures

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As a Reporting Institution under the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 ("AMLA ") , DBOS strictly observe the obligations of reporting institutions with respect to the requirements imposed under the AMLA, requirements as set under Bank Negara Malaysia's Policy Document on Anti-Money Laundering, Countering Financing of Terrorism, Countering Proliferation Financing and Targeted Financial Sanctions and any other documents issued by Bank Negara Malaysia relating to compliance on AMLA.

Over the years, DBOS has developed and strengthened the necessary internal controls covering policies, procedures and controls in order to comply with AMLA requirements. A comprehensive risk-based approach in managing ML/TF/PF risks have been implemented and timely monitoring of targeted financial sanctions have been enforced. This is in addition to the standard customer due diligence processes and on-going monitoring activities, recently incorporating requirements introduced concerning beneficial ownership verification.

All employees are expected to observe and familiarise themselves with the AMLA and be guided at all times, on the policy and procedures on "Detection and Monitoring of Suspicious Transactions" and "Reporting of Suspicious Transactions".