At MyANGKASA Amanah Berhad ("we", "our", "us"), we are committed to maintaining the highest standards of integrity, transparency, and regulatory compliance in all our business dealings. As part of our dedication to preventing financial crimes, safeguarding your assets, and ensuring a secure financial environment, we strictly adhere to Malaysia’s Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations as outlined under the Anti-Money Laundering, Anti-Terrorism Financing, and Proceeds of Unlawful Activities Act 2001 (AMLA) and regulatory guidelines from Bank Negara Malaysia (BNM), Securities Commission Malaysia (SC), and other relevant authorities.
Our KYC measures are designed to:
• Verify the identity of our clients and beneficial owners.
• Assess and manage potential risks associated with money laundering, terrorism financing, or other unlawful activities.
• Comply with Malaysian laws and international financial standards.
• Preserve the integrity, security, and reputation of our services.
To establish a business relationship or provide our services, we require clients to provide accurate identification and business documentation, including but not limited to:
• Individuals: Full name, date of birth, nationality, government-issued identification (e.g., MyKad, passport), proof of address, contact information, and source of funds.
• Corporate or Trust Entities: Certificate of incorporation or registration, ownership and organizational structure, identification of directors and authorized signatories, beneficial ownership declaration, registered business address, and relevant authorization documents (e.g., directors’ resolutions, letters of authority).
All information provided will be verified against reliable and independent sources to ensure authenticity
We adopt a risk-based approach to categorize clients as low, medium, or high risk based on transaction behavior, location, business type, and other criteria. High-risk clients, including Politically Exposed Persons (PEPs) or entities from high-risk jurisdictions, are subject to Enhanced Due Diligence (EDD) to assess the legitimacy and potential exposure to financial crime. This may include additional identity verification, documentation, and background checks.
KYC is an ongoing process. We continuously monitor transactions for unusual or suspicious activity, update risk profiles regularly, and perform periodic re-verification of client information as required under Malaysian law and regulatory guidance.
All client information is handled with the strictest confidentiality. Personal and corporate data is securely stored and encrypted, in compliance with relevant data protection frameworks. Access to customer data is restricted to authorized personnel only, and appropriate safeguards are implemented to protect against unauthorized access or breaches.
In adherence to AMLA and BNM directives, any suspicious activities identified during ongoing monitoring will be reported to the Financial Intelligence and Enforcement Department (FIED) of Bank Negara Malaysia through Suspicious Transaction Reports (STRs). Non-compliance by clients in providing accurate or complete information may result in the suspension of services or reporting to relevant authorities.
We may leverage secure electronic KYC (e-KYC) technologies to facilitate remote verification, employing document verification, biometric authentication, and liveness detection. All e-KYC processes are compliant with the latest Bank Negara Malaysia policy requirements and are subject to regular independent assessments.
By engaging with our services, clients confirm that the information provided is true, complete, and accurate. Clients authorize [Trust Company Name] to verify the information, maintain records as required by law, and conduct any necessary investigations to comply with KYC and AML regulations.
For inquiries about our KYC policies or assistance with document submission, please contact our Risk & Compliance Department at rco@myangkasaamanah.com.my/ 03 7887 5600 Ext 231.
This KYC statement reflects our commitment to regulatory compliance and the highest standards of financial security.