Bank Negara Malaysia is Malaysia’s central bank with primary objective of promoting monetary and financial stability in order to provide a conducive environment for the sustainable growth of the Malaysian economy.
Financial Intelligence and Enforcement Department of Bank Negara Malaysia (FIED) is responsible to perform Bank Negara Malaysia's function as the competent authority under the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001.
Its mandated role includes to serve as national financial intelligence unit (FIU), ensure enforcement of the law, identification of key and emerging threats & vulnerabilities, drive and influence national efforts towards fostering an effective AML/CFT regime, act as AML/CFT supervisory authority and reinforce Malaysia’s adherence to international standards.
Australian Transaction Reports and Analysis Centre (AUSTRAC) is Australia's financial intelligence agency with regulatory responsibility for anti-money laundering and counter-terrorism financing. AUSTRAC works to identify threats and criminal abuse of the financial system, and act to protect Australia's economy.
AUSTRAC is Australia's primary source for financial intelligence used to fight serious and organised crime and terrorism financing. It aims to help create a financial system free from criminal abuse and maintain trust in Australia's financial system as part of the global community.
Pusat Pelaporan Dan Analisis Transaksi Keuangan Indonesia (PPATK) is Indonesia’s financial intelligence unit tasked to enhance the role and support in the prevention and combating of money laundering, terrorism financing and other criminal acts in Indonesia.
Formally established in 2002, PPATK supports the effective implementation of anti-money laundering regime in Indonesia.
20 Feb 2017
20 Feb 2017
15 Nov 2017
22 Nov 2017
The first counter-terrorism financing summit in the Asia Pacific region brought together officials and international experts from multilateral organisations and 19 countries including from outside the region.
It is the first official regional discussions on terrorism financing. The delegates agreed that the Sydney Communiqué would drive tangible and demonstrable change.
Co-hosted by PPATK and AUSTRAC, the second Counter-Terrorism Financing Summit (CTF Summit 2016) in Bali, Indonesia, brought together leaders and experts in counter terrorism financing and financial intelligence around the world. Themed A unified effort against terrorism financing, CTF Summit 2016 began the process of developing regional solutions to terrorism financing issues and risks.
The Nusa Dua Statement reflected on the success of the CTF Summit 2016 in Bali and outlined the roadmap for action ahead of the next summit in Malaysia in 2017. The statement demonstrated delegates’ commitment towards, among others
Australia’s financial intelligence agency, AUSTRAC, and its Indonesian counterpart financial intelligence unit, Pusat Pelaporan dan Analisis Transaksi Keuangan (PPATK), co-led the research and development of the regional risk assessment, with contributions from the FIUs of Malaysia, the Philippines, Singapore and Thailand. The assessment will support future efforts to understand our region’s terrorism financing risks and where appropriate, coordinate actions to respond.Click here to download The Regional Risk Assessment On Terrorism Financing document
Counter-Terrorism Financing Summit 2016, Bali Indonesia
The Regional Risk Assessment of Terrorism Financing of Non-Profit Organisations (NPOs).
In 2016, under the co-leadership of AUSTRAC and Pusat Pelaporan dan Analisis Transaksi Keuangan (PPATK), the world's first regional risk assessment on TF was launched at the second CTF Summit.
The RRA 2016 assessed a number of TF channels across Australia and South-East Asia. It identified NPOs as one of the main channels used to raise and transfer funds to support terrorist activity and violent extremism in the region and foreign high-risk countries. It also recommended countries to develop a clearer picture of the level of TF misuse and identify higher-risk NPOs and work together to provide a deeper understanding of the specific risks NPOs pose for the region.
Across the region, NPOs deliver a range of important services. They operate nationally, within the region and across the globe to support individuals and local communities, as well as deliver vital humanitarian aid. Some NPOs also perform an important role in combating terrorism through promoting deradicalisation.
For this assessment, the region includes countries involved in the RRA 2016 (Australia, Indonesia, Malaysia, the Philippines, Singapore and Thailand) and two new partner countries (Brunei and New Zealand). Under the coordination of AUSTRAC, Bank Negara Malaysia and PPATK, this assessment draws on information and expertise from the FIUs in these countries.
The First Regional Risk Assessment of Terrorism Financing of Non Profit Organisations was launched on 22 November 2017 by YAB Deputy Prime Minister of Malaysia, Dato' Seri Dr. Ahmad Zahid Hamidi, the Australian Minister for Justice, the Hon. Micheal Keenan and the Indonesian Coordinating Minister for Political, Legal and Security Affairs, the Hon. Minister Wiranto.
The 3rd CTF Summit held in Kuala Lumpur in 2017, brought together 445 delegations from 32 countries and 6 international organisations. There were 60 speakers and experts from around the globe who shared their expertise from various backgrounds which included Fintech/RegTech players, financial institutions, law enforcement, FIUs, regulators/supervisors, academia and think tanks.
The Kuala Lumpur Communiqué reflected the success of the 3rd CTF Summit, which re-affirms commitments made in the previous summits as well as pave ways for new areas and scopes of co-operation, and the work that will continue for the 4th CTF Summit in Thailand.