Independent Review
Comprehensive, objective assessment of your
AMLA/CFT
frameworks/KYC
manual by experienced compliance professionals with deep regulatory knowledge.
AMLA & Risk Compliance Advisory Services
Our AMLA and Risk Compliance Advisory services are designed to support businesses in establishing, maintaining, and strengthening their
anti-money laundering and counter-terrorism financing (AMLA/CFT)/Know Your Customer (KYC) frameworks in line with regulatory expectations.
Experienced Team Driving Compliance Excellence
Foundational Support: Initial Set-Up & Advisory
Our Initial Set-Up & Advisory services establish the foundation for a robust AMLA/CFT framework/KYC Manual,
ensuring your organization starts with the right structures and processes in place.
Risk Management Frameworks
Development and implementation of comprehensive AMLA/CFT risk management frameworks tailored to your specific industry requirements and regulatory environment.
Policies & Procedures
Drafting and review of AMLA-compliant policies and procedures, including KYC, Customer Due Diligence (CDD), Enhanced Due
Diligence (EDD), Suspicious Transaction Reporting (STR), and onboarding workflows.
System & Process Design
Advisory on system and process design for customer due diligence, risk profiling, and transaction monitoring to ensure operational efficiency and regulatory compliance.
Ensuring Effectiveness: AMLA/KYC Compliance Review
Our AMLA/KYC Compliance Review services provide an independent assessment of your existing frameworks, identifying gaps and
opportunities for enhancement to ensure regulatory alignment and operational effectiveness.
Gap Analysis
Detailed identification of gaps between current practices and regulatory requirements, with clear prioritization of remediation actions.
Effectiveness Assessment
Evaluation of the effectiveness of KYC procedures and risk
management controls, including testing of key control points and
processes.
Recommendations
Practical, implementable recommendations for process improvements and regulatory alignment, with clear implementation roadmaps.
Empowering Your Team: Compliance Training
Our KYC/Risk Compliance Training programs are designed to empower your team with the knowledge and skills needed to
effectively implement and maintain robust compliance frameworks.
Customized Training Programs
Tailored training solutions for employees, management, and compliance officers, designed to address your specific industry
requirements and regulatory environment.
Practical Workshops
Interactive workshops focused on practical application of KYC obligations, red flag detection, customer risk assessment, and ongoing monitoring techniques.
Refresher Training
Periodic refresher training programs to keep your team updated on the latest regulatory developments, emerging risks, and industry best practices.
Effectiveness Measurement
Assessment tools to measure training effectiveness and knowledge retention, with follow-up support to address identified gaps.
Our Proven Approach to KYC Excellence
We follows a structured, proven methodology for delivering KYC services that ensures regulatory
compliance while optimizing operational efficiency.
- Assessment & Discovery
Comprehensive evaluation of current state, regulatory requirements, and business objectives to establish a clear baseline
and identify priorities. - Solution Design
Development of tailored frameworks, policies, and processes aligned with regulatory requirements and optimized for your
operational environment. - Implementation Support
Hands-on guidance during implementation, including training, change management, and operational integration. - Continuous Improvement
Ongoing review, refinement, and enhancement to ensure sustained effectiveness and adaptation to evolving regulatory requirements.
Frequently Asked Questions
Which companies in Malaysia are required to undergo an AMLA Audit?
Under the AMLA 2001, reporting institutions including DNFBPs (accountants, lawyers, company secretaries, and real estate agents) and financial institutions must conduct regular compliance reviews. CWC & ENG PLT provides specialized audits for these sectors to ensure Bank Negara Malaysia (BNM) compliance.
What is the difference between an AMLA compliance review and a statutory audit?
A statutory audit focuses on the accuracy of financial statements, while an AMLA audit evaluates your firm's internal controls against money laundering and terrorism financing risks. Both are essential for regulatory standing in Malaysia.
How do I know if my Sdn Bhd is audit-exempt in 2026?
In Malaysia, certain SMEs qualify for audit exemption based on annual revenue, total assets, and number of employees. However, you are still required to prepare unaudited financial statements and perform MBRS filing with SSM.
Do I still need an accountant if my Sdn Bhd is audit-exempt?
Yes. Even if you are exempt from a statutory audit, you are legally required by the Companies Act 2016 to maintain proper accounting records and lodge unaudited financial statements that comply with MPERS or MFRS standards. CWC & ENG PLT helps SMEs manage this transition to ensure no penalties from SSM.
What happens during an AMLA compliance review?
An AMLA audit evaluates your firm's Customer Due Diligence (CDD), record-keeping, and "red flag" detection systems. We review your Suspicious Transaction Reporting (STR) procedures to ensure they align with Bank Negara Malaysia (BNM) requirements and international standards.
What is included in a financial due diligence report for M&A?
Our due diligence services in Malaysia cover quality of earnings, tax exposure, and AMLA risk assessments. This ensures that when you acquire a company, you are fully aware of its historical liabilities and regulatory standing.
Our Qualification and Recognition
Kuala Lumpur Office
38D, 3rd Floor, Jalan Radin Anum, Bandar Baru Sri Petaling, 57000 Kuala Lumpur, Malaysia
Petaling Jaya Office
D-1-32, Block D, 8 Avenue, Jalan Sungai Jernih 8/1, Section 8, 46050 Petaling Jaya, Selangor Darul Ehsan, Malaysia
Labuan Office
Office Suite 1605, Level 16 (A), Main Office Tower, Financial Park Complex Labuan, Jalan Merdeka, 87000 Labuan F.T, Malaysia