(B) Ownership and Management Information |
Yes |
No |
- Is the Bank publicly owned?
- Is the Bank listed on any stock exchange?
- If so, which stock exchange?
- List of names of executive and non-executive directors of the main Board of Directors.
Refer to Bank's Annual Report via website address : www.hlisb.com.my
- List of the shareholders who hold more than 10% shares in the Bank.
Refer to Bank's Annual Report via website address : www.hlisb.com.my
- List of principle countries in which the Bank maintains branches, agencies and subsidiaries.
Refer to Bank's Annual Report via website address : www.hlisb.com.my
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(C) Regulatory Information |
Yes |
No |
- Is there an official name of the law that regulates AML procedures in the country?
- If so, please state?
Anti-Money Laundering Act 2001
- Is money laundering / terrorism financing considered in the country as a crime?
- Name of the official authority or regulatory agency to which the Bank reports in case of a suspicion of money laundering or terrorist financing?
Financial Intelligence Unit, Bank Negara Malaysia
- In the past five years, has any action been brought against the Bank resulting from violations of laws or regulations concerning money laundering or terrorist financing?
- Does the Bank adhere to the anti-money laundering and special terrorist financing recommendations developed by the Financial Action Task Force (FATF)?
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| (D) General AML Policies, Practices and Procedures |
Yes |
No |
- Has the Bank established written internal policies, procedures and controls to ensure compliance with the obligations under the existing national legislation and regulations on prevention of money laundering?
- Does the Bank have an AML compliance program, which require approval of the Banks Board or senior committee thereof?
- Does the Bank have a legal and regulatory compliance program that includes a designated Compliance officer that is responsible for co-coordinating and overseeing the AML program on a day-to-day basis, which has been approved by senior management of the Bank?
- If yes, is the AML function independent of the business organization?
- In addition to inspections by the government supervisors/ regulators, does the Bank have an internal audit function or other independent third party that assesses AML policies and practices on a regular basis?
- Does the Bank have policies covering relationship with politically exposed persons consistent with industry best practices?
- Does the Bank have appropriate record retention procedures pursuant to applicable law? If so, for how long?
Seven (7) years.
- Does the Bank require that its AML policies and procedures be applied to Head Office and all branches and subsidiaries of both domestic and foreign countries?
- Does the Bank monitor correspondent account activity against official lists generated by competent authorities of known or suspected terrorists or terrorist organizations?
- Does the Bank manage anonymous or numbered accounts by customers?
- Does the Bank have a policy of protecting employees if they, in good faith, report any suspicious transactions?
- Does the Bank permit the formation of a relationship without a physical meeting?
- Does the Bank have a Code of Conduct and representations by its employees of their understanding and agreement to abide by the code of conduct including AML provisions?
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(E) Risk Assessment |
Yes |
No |
- Does the Bank have a risk-focused assessment of its customer base and transactions of its customers?
- Does the Bank determine the appropriate level of enhanced due diligence necessary for those categories of customers and transactions that the Bank has reason to believe pose a heightened risk of illicit activities at or through the Bank?
- Does the Bank screen your customer account database for terrorist names?
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(F) Know Your Customer, Due Diligence and Enhanced Due Diligence |
Yes |
No |
- Has the Bank implemented systems for the identification of its customers, including customer information in the case of recorded transactions, account opening, etc (for example: name, nationality, street address, telephone number, occupation, age/ date of birth, number and type of valid official identification, as well as the name of the country/state that issued it)?
- Does the Bank have a requirement to collect information regarding its customers' business activities?
- Does the Bank have procedures to establish a record for each customer noting their respective identification documents and Know Your Customer information collected at account opening?
- Does the Bank take steps to understand the normal and expected transactions of its customers based on its risk assessment of its customers?
- For legal entities, does the Bank obtain copies of the constitutive documents of their customers?
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(G) Reportable transactions and Prevention of Transactions with Illegally Obtained Funds |
Yes |
No |
- Does the Bank have policies or practices for the identification and reporting of transactions that are required to be reported to the authorities?
- Does the Bank have procedures to identify transactions structured to avoid large cash reporting requirements?
- Does the Bank offer correspondent services to shell banks (A shell bank is defined as bank incorporated in a jurisdiction in which it has no physical presence and which is unaffiliated with a regulated financial group)?
We do not deal with shell banks.
- Does the Bank have policies to reasonably ensure that it only operates with correspondent banks that possess licences to operate in their countries of origin?
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(H) Transaction Monitoring |
Yes |
No |
- Do the Bank monitor customer account activity and other transactions to identify large cash transactions? If yes, describe the automated or manual processes that your institution employs.
Daily reports are generated by the Bank's computer system and manually checked.
- Does the Bank obtain customer identification for large cash transactions?
- Does the Bank monitor customer account activity and other transactions for suspicious activity?
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(I) AML Training |
Yes |
No |
- Does the Bank provide training and knowledge on money laundering laws and regulations to employees? If so, how frequent?
Regularly
- Does the Bank retain records of its training sessions including attendance records and relevant training materials used?
- Does the Bank have policies to communicate new AML related laws or changes to existing AML related policies or practices to relevant employees?
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(J) Compliance Function |
Yes |
No |
- Does the Bank have a designated AML Officer responsible for overseeing and monitoring compliance with the AML Program? If yes, please provide the Compliance Officer's details as follows:
Position /
Division |
General Manager
Branch & Banking Operations |
Address |
Level 3, Wisma Hong Leong
18, Jalan Perak
50450 Kuala Lumpur |
Telephone Number |
03-21642828 |
Facsimile Number |
03-27158619 |
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