Country Overview
Malaysia is a member of the Financial Clearance & Asset Recovery Regulations (FINCARR), actively working to combat money laundering and terrorist financing. The country has shown commitment to improving its compliance with FINCARR standards.
Status: Member
Last Review: October 2024
Compliance with Recommendations
| Recommendation | Status |
|---|---|
| R1 - Risk Assessment | Largely Compliant |
| R2 - International Cooperation | Compliant |
| R3 - Supervision | Partially Compliant |
| R4 - Suspicious Activity Reporting | Largely Compliant |
| R5 - Beneficial Ownership Transparency | Partially Compliant |