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Compliance
ANTI-MONEY LAUNDERING & TERRORIST FINANCING QUESTIONAIRE
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Background of the Bank
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| 1. |
Institution Name : |
HONG LEONG ISLAMIC BANK BERHAD |
| 2. |
Registration / Licence Number : |
686191- W |
| 3. |
Registered Office Address : |
Level 8, Wisma Hong Leong,
18, Jalan Perak,
50450 Kuala Lumpur
Malaysia |
| 4. |
Web Address : |
www.hlisb.com.my |
| 5. |
Date of registration : |
28 March 2005 |
| 6. |
Place of Incorporation : |
Malaysia |
| 7. |
Name of Parent Company : |
Hong Leong Bank Berhad |
| 8. |
Country of the Local Authority :
& Regulatory |
Bank Negara Malaysia |
| 9. |
Major Activities : |
Islamic Banking Services |
| 10. |
Telephone Number : |
603-21643939 |
| 11. |
Name of External Auditors : |
Messrs PricewaterhouseCoopers |
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Check either 'Yes' or 'No' to each question below. If you answer 'No' to any question, additional information can be supplied at the end of the questionnaire.
I . GENERAL AML POLICIES, PRACTICES AND PROCEDURES |
Yes |
No |
| 1. |
Is the AMLTF compliance program approved by the FI's board or a senior committee? |
| 2. |
Does the FI have a legal and regulatory compliance program that includes a designated officer that is responsible for coordinating and overseeing the AMLTF framework? |
| 3. |
Has the FI developed written policies documenting the processes that they have in place to prevent, detect and report suspicious transactions? |
| 4. |
In addition to inspections by the government supervisors/regulators, does the FI client have an internal audit function or other independent third party that assesses AMLTF policies and practices on a regular basis? |
| 5. |
Does the FI 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.) |
| 6. |
Does the FI 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? |
| 7. |
Does the FI have policies covering relationships with Politically Exposed Persons (PEP's), their family and close associates? |
| 8. |
Does the FI have record retention procedures that comply with applicable law? |
| 9. |
Are the FI's AMLTF policies and practices being applied to all branches and subsidiaries of the FI both in the home country and in locations outside of that jurisdiction? |
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II. RISK ASSESSMENT |
Yes |
No |
| 10. |
Does the FI have a risk-based assessment of its customer base and their transactions? |
| 11. |
Does the FI determine the appropriate level of enhanced due diligence necessary for those categories of customers and transactions that the FI has reason to believe pose a heightened risk of illicit activities at or through the FI? |
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III. KNOW YOUR CUSTOMER, DUE DILIGENCE & ENHANCED DUE DILIGENCE |
Yes |
No |
| 12. |
Has the FI implemented processes for the identification of those customers on whose behalf it maintains or operates accounts or conducts transactions? |
| 13. |
Does the FI have a requirement to collect information regarding its customers' business activities? |
| 14. |
Does the FI assess its FI customers' AMLTF policies or practices? |
| 15. |
Does the FI have a process to review and, where appropriate, update customer information relating to high risk client information? |
| 16. |
Does the FI have procedures to establish a record for each new customer noting their respective identification documents and 'Know Your Customer' information? |
| 17. |
Does the FI complete a risk-based assessment to understand the normal and expected transactions of its customers? |
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IV. REPORTABLE TRANSACTIONS AND PREVENTION AND DETECTION OF TRANSACTIONS WITH ILLEGALLY OBTAINED FUNDS |
Yes |
No |
| 18. |
Does the FI have policies covering relationships with Politically Exposed Persons (PEP's), their family and close associates? |
| 19. |
Does the FI have record retention procedures that comply with applicable law? |
| 20. |
Are the FI's AMLTF policies and practices being applied to all branches and subsidiaries of the FI both in the home country and in locations outside of that jurisdiction? |
| 21. |
Does the FI have policies to reasonably ensure that it only operates with correspondent banks that possess licenses to operate in their countries of origin? |
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V. TRANSACTION MONITORING |
Yes |
No |
| 22. |
Does the FI have a monitoring program for unusual and potentially suspicious activity that covers funds transfers and monetary instruments such as travelers' checks, money orders, etc? |
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VI. AML TRAINING |
Yes |
No |
| 23. |
| Does the FI provide AMLTF training to relevant employees that includes : |
| • |
Identification and reporting of transactions that must be reported to government authorities |
| • |
Examples of different forms of money laundering involving the FI's products and services |
| • |
Internal policies to prevent money laundering |
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| 24. |
Does the FI retain records of its training sessions including attendance records and relevant training materials used? |
| 25. |
Does the FI communicate new AMLTF related laws or changes to existing AMLTF related policies or practices to relevant employees? |
| 26. |
Does the FI employ third parties to carry out some of the functions of the FI? |
| 27. |
| If the answer to question 26 is yes, does the FI provide AMLTF training to relevant third parties that includes: |
| • |
Identification and reporting of transactions that must be reported to government authorities. |
| • |
Examples of different forms of money laundering involving the FI's products and services. |
| • |
Internal policies to prevent money laundering |
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VII. SANCTIONS REVIEW |
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| 28. |
Does the FI maintain business relationships with jurisdictions subject to FATF's call to apply counter-measures to protect the international financial system from the on-going and substantial money laundering and terrorist financing (ML/TF) risks emanating from the jurisdictions (as published in the periodic FATF Public Statement), including private individuals, companies or financial institutions? |
| 29. |
If yes, does the FI perform enhanced scrutiny and apply effective counter-measures to protect itself against money laundering and financing of terrorism (ML/TF) risks emanating from these jurisdictions? |
| 30. |
In the case of existing business relationships with persons, including legal persons and companies, are these relationships regularly reviewed? |
| 31. |
If yes, please state, how often this review takes place - |
| 32. |
Does the FI have measures in place to verify the origin of the assets of its clients? |
| 33. |
Does the FI perform a higher level of due diligence when dealing with the issue of the beneficial owner? |
| 34. |
Particularly regarding legal persons and companies? |
| 35. |
Are 'beneficial owners' subject to identification by means of identity documents? |
| 36. |
If the FI has doubts regarding the customer's identity, the origin of assets or the identity of the beneficial owner, will they discontinue the relationship respectively and deny the establishment of a new relationship? |
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Name:
Eddy Siow Swee Kim
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Title:
Head, AML/CFT
Regulatory Compliance, Group Integrated Risk Management & Compliance
| Address |
Level 3, Wisma Hong Leong
18, Jalan Perak
50450 Kuala Lumpur ,Malaysia |
| Telephone Number |
603-27730308 |
| Facsimile Number |
603-21660151 |
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Signature:
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Date: 3 April 2013 |
AML/CFT Questionnaire in PDF format
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