ACCOUNTANTS, lawyers and company secretaries will be required to report any suspicious transactions to Bank Negara as part of the obligations under the Anti-Money Laundering Act 2001 (AMLA 2001) from Sept 30, 2004.
Accountants Today, a monthly publication of the Malaysian Institute of Accountants (MIA), said since AMLA 2001 came into force in July 2001, the requirement to report suspicious transactions had been invoked on banking and Islamic banking institutions, insurance companies and takaful insurance operators.
