Anti-Money Laundering/Counter Financing of Terrorism (AML/CFT)

AML/CFT CDD Questionnaire

The AML/CFT questionnaire provides an overview of Maybank and its subsidiaries Anti-Money Laundering and Counter Financing of Terrorism (AML/CFT) policies and practices compliant with relevant laws and Bank Negara Malaysia (Central Bank of Malaysia) guidelines, as well as its due diligence requirements associated with the provision of correspondent banking services in conducting international business.

Institutional Information

Institution Name : Maybank Islamic Berhad
Country of Incorporation : Malaysia
Registered Office : Level 10, Tower A, Dataran Maybank,
No. 1 Jalan Maarof,
59000 Kuala Lumpur
Malaysia
Registration Number / Date of Incorporation : 787435-M / 5 September 2007
Website Address : www.maybankislamic.com.my
Regulator Authority’s Name : CENTRAL BANK OF MALAYSIA (Bank Negara Malaysia) www.bnm.gov.my
Name of Parent Company : Malayan Banking Berhad
Principle Line of Business : Islamic Banking Business


AML/CFT Customer Due Diligence (CDD) Questionnaire

I General AML Policies, Practices and Procedures Yes No
1. Does your country establish laws designed to prevent money laundering & financing of terrorism?    √  
2. Is your Institution subject to such laws/regulations?    √  
3. Does the AML/CFT compliance program require approval of the Institution’s board or a senior management thereof?    √  
4. Does your Institution have a legal and regulatory compliance program that includes a designated officer that is responsible for coordinating and overseeing the AML/CFT program on daily basis?    √  
5. Does your Institution have written policies documenting the processes that they have in place to prevent, detect and report suspicious transactions?    √  
6. In addition to inspections by the government supervisors /regulators, does your Institution have an internal audit function or other independent third party that assesses AML/CFT policies and practices on a regular basis?    √  
7. Does your Institution have a policy prohibiting accounts /relationships with shell banks? (A shell bank is defined as a bank incorporated in a jurisdiction in which it has no physical presence and which is unaffiliated with a regulated financial group).    √  
8. Does your Institution have policies to reasonably ensure that they will not conduct transactions with or on behalf of shell banks through any of its accounts or products?    √  
9. Does your AML/CFT policies and procedures prohibit opening or maintaining anonymous/numbered accounts?    √  
10. Does your Institution have policies covering relationships with Politically Exposed Persons (PEPs), their family and close associates?    √  
11. Does your Institution have appropriate record retention procedures pursuant with applicable law?    √  
12. Does your Institution’s AML/CFT policies and practices apply to all your branches and subsidiaries both in the home country and in locations outside of your home country?    √  
II Risk Assessment Yes No
13. Does your Institution take steps to understand the normal and expected transactions of your customers based on your risk assessments of your customers?    √  
14. Does your Institution determine the appropriate level of enhanced due diligence necessary for those categories of customers and transactions that the Institution has reason to believe pose a heightened risk of illicit activities at or through the Institution?    √  
III Know Your Customer, Due Diligence and Enhanced Due Diligence Yes No
15. Has your Institution implement systems for the identification of your customers at account opening, including verification of customer information from independent and reliable sources (e.g. name, street address, date of birth, number and type of valid official identification)?    √   
16. Does your Institution have procedures to establish a record for each new customer noting their respective identification documents and ‘Know Your Customer’ information?    √  
17. Does your Institution have a process to review and, where appropriate, update customer information relating to high risk client information?    √  
18. Does your Institution have a requirement to collect information regarding its customers’ business activities?    √  
19. Does your Institution assess its FI customers’ AML/CFT policies or practices?    √  
20. Does your Institution have policies to reasonably ensure that it only operates with correspondent banks that possess licenses to operate in their countries of origin    √  
IV Reportable Transactions and Prevention and Detection of Transactions with Illegally Obtained Funds Yes No
21. Does your Institution have procedures to identify transactions structured to avoid large cash reporting requirements?    √  
22. Does your Institution screen customers and transactions against lists of persons, entities or countries issued by government /competent authorities?    √  
V Transaction Monitoring Yes No
23. Does your Institution have a monitoring program for suspicious or unusual activity that covers funds transfers and monetary instruments such as travelers checks, money orders, etc?    √  
VI AML Training    
24. Does your Institution provide AML/CFT training to relevant employee that includes identification and reporting of transactions that must be reported to government authorities, examples of different forms of money laundering involving the Institution’s products and services and internal policies to prevent money laundering?    √  
25. Does your Institution retain records of its training sessions including attendance records and relevant training materials used?    √  
26. Does your Institution communicate new AML/CFT related laws or changes to existing AML/CFT related policies or practices to relevant employees?    √  
27. Does your Institution employ third parties to carry out some of the functions of the Institution?    √  
28. If the answer to question 27 is “Yes”, does your Institution provide AML/CFT training to relevant third parties that include identification and reporting of transactions that must be reported to government authorities, examples of different forms of money laundering involving the Institution’s products and services and internal policies to prevent money laundering?    √  
VII Others Yes No
29. Does your Institution allow direct use of the correspondent account by third parties to transact business on their behalf (payable through accounts)?     √
30. Has your Institution been subjected to any investigation, indictment, conviction or civil enforcement action related to money laundering and terrorism financing in the past five years     √