Explain the word amla

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SIDC's AML Series Lessons on AMLA from a Capital Market Perspective Money laundering is a potential indicator of terrorist funding and other global crimes, making it necessary for practical training on AML. Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (AMLA) and the relevant guidelines issued by Securities Commission Malaysia. Each series is interspersed with short assessments to ensure effective learning of each participant. Many of AMLA cases are based on real-life cases to enable participants to recognise and understand regulatory expectations, relevant issues, obligations and prescribed penalties in the prevention of money laundering and terrorism financing from a practical capital market related perspective.

Sources: Securities Industry Development Corporation (SIDC), 2021

Based on the statement above:

a. Explain the word AMLA.

b. How do you recognize those who perform or undertake specialist AML/CFT functions.

c. Although money laundering seems complicated, the transactions used by criminals typically fall into several stages. Interpret the stages normally used by the criminals.

Reference no: EM133073586

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