We have just uploaded a new webpage dedicated to our know your customer (KYC) and enhanced due diligence (EDD) reports on individuals and companies based in Malaysia. You can view the page here.
Malaysia has adapted its economy since the 1970s when its main activity was the production of raw materials. It now operates a much more varied, diverse and newly industrialized market economy.
Malaysia does not feature on the FATF (Financial Action Task Force) list of countries that have strategic AML deficiencies. However, its cash-based economy and its geographic location do present increased money laundering and terrorist financing risks. It scored 37 in the 2016 Transparency International Corruptions Index, where a score of 0 means that the nation is perceived as being highly corrupt and 100 very clean.
Proximal Consulting has been conducting KYC enhanced due diligence investigations for nearly twenty years and recently we have seen a large increase in requests for reports on companies and individuals based in Malaysia.
It is important to understand that enquiries on individuals in Malaysia are very restricted, which can make detailed AML KYC research very demanding. However we have developed progressive methodologies and far-reaching investigative tools to enable us to obtain critical and relevant intelligence on companies and individuals in Malaysia.
We also work with long-term and reliable associates who provide us with detailed in-country local intelligence.
You can read more by visiting our dedicated page on our enhanced due diligence reports and detailed KYC background checks in Malaysia here.