AML/CFT CDD Questionnaire
AML/CFT CDD Questionnaire
The AML/CFT questionnaire provides an overview of Maybank and its subsidiaries Anti-Money Laundering and Counter Financing of Terrorism (AML/CFT) policies and practices compliant with relevant laws and Bank Negara Malaysia (Central Bank of Malaysia) guidelines, as well as its due diligence requirements associated with the provision of correspondent banking services in conducting international business.
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Name of Institution
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Malayan Banking Berhad
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Country of Incorporation
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:
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Malaysia
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Registered Office
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:
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14TH FLOOR, MENARA MAYBANK
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100, JALAN TUN PERAK
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50050 KUALA LUMPUR
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MALAYSIA
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Registration Number / Date of Incorporation
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3813K / 31st May 1960
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SWIFT Code
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:
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MBBEMYKL
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Website Address
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www.maybank2u.com.my
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Regulator Authority’s Name
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CENTRAL BANK OF MALAYSIA (BNM) - www.bnm.gov.my
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Legal Status
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Public Company, listed on the Bursa Malaysia Securities Berhad
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www.bursamalaysia.com
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Ownership Structure
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:
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Please refer to our Annual Report at our website:
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www.maybank2u.com.my
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Management Structure
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:
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Please refer to our Annual Report at our website:
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www.maybank2u.com.my
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Principle Line of Business
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Business of Banking & Finance
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ANTI-MONEY LAUNDERING / COUNTER FINANCING OF TERRORISM
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Laws and Regulations
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Yes
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No
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1
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Is money laundering and terrorist financing considered a crime in your country?
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√
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2
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Has your country established laws designed to prevent money laundering and terrorist financing?
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√
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3
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Is your institution subject to such laws/ regulations?
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√
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Policies and Procedures
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Yes
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No
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4
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Is your institution’s AML/CFT policies and procedures according to local laws, rules, standards and benchmark against international standards?
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√
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5
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Does your institution have written policies and procedures on AML/CFT for all domestic and foreign business units?
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√
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6
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Does your institution’s AML/CFT policies and procedures apply to all your branches and subsidiaries both in the home country and in locations outside of your home country?
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√
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7
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Does your institution’s AML/CFT policies and procedures require approval of your Board/Management/Senior Management?
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√
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8
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Is implementation of AML/CFT policies and procedures monitored on a permanent basis?
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√
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9
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Does your compliance program include establishing policies, procedures and processes for managing Economic & Trade Sanctions?
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√
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If ‘Yes’, please indicate the Sanctions program(s) incorporated in your compliance program:
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OFAC √
DFAT (Australia) HM Treasury |
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HKMA
United Nations √ European Union |
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NZRBA
Others (Please specify) _______________________ |
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KYC/CDD
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Yes
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No
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10
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Does your AML KYC/CDD policies and procedures require to:-
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a) Identify and verify the identity of customers.
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√
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KYC/CDD
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Yes
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No
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b) Identify and verify beneficial ownership and control of such transaction.
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√
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c) Obtain information on the purpose and intended nature of the business relationship/transaction.
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√
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d) Conduct on-going due diligence and scrutiny to ensure the information provided is updated and relevant.
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√
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e) Monitor customers’ activities to detect suspicious transactions.
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√
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f) Conduct enhanced due diligence for high risk customers such as PEPs, unregulated industries, etc.
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√
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g) Keep all the records pertinent to customers’ identifications and transactions.
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√
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h) If ‘Yes’ to Question 10(g), for how long are records kept?
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7 years
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11
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Does your AML KYC/CDD policies and procedures allow for:-
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a) Opening or maintaining anonymous accounts.
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√
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b) Conducting business with banks having no physical presence in any country i.e. Shell banks.
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√
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12
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How frequent does your institution screen its existing customer database?
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Quarterly
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13
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Has your institution been subject to any investigation, indictment, conviction or civil enforcement action related to money laundering and terrorism financing in the past five years.
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√
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14
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Does your institution follow FATF recommendations on money laundering and terrorist financing?
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√
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15
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Does your institution provide services to Offshore Banks, Internet Banking based institutions or banks located in high risk areas as highlighted by FATF?
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√
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16
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Does your institution identify the transactions related to persons/entities suspected of ML/TF, comprised in official lists of appropriate authorities?
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√
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17
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Does your institution ensure that effective anti-money laundering and counter-terrorism controls are in place on new technologies and when dealing in non-face to face interactions or through intermediaries?
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√
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KYC/CDD
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Yes
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No
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18
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Do you search your customer against a particular Sanctions program?
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√
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If ‘Yes’, please indicate the Sanctions program(s) used:
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OFAC √
DFAT (Australia) HM Treasury |
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HKMA
United Nations √ European Union |
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NZRBA
Others (Please specify) _______________________ |
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19
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If ‘Yes’ to Question 18, please state how frequent you conduct this search over your customer database?
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Daily checking of OFAC/UNSC for new accounts and quarterly checking for all accounts (new and existing accounts).
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20
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Do you include originator information with outgoing wire transfer?
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√
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21
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If ‘Yes’ to Question 20, are you required by your local regulator to do so?
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√
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22
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Do you filter your international telegraphic transfers (e.g. international wire transfers) against a particular Sanctions program?
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√
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If ‘Yes’, please indicate the Sanctions program(s) used:
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OFAC √
DFAT (Australia) HM Treasury |
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HKMA
United Nations √ European Union |
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NZRBA
Others (Please specify) _______________________ |
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AML/CFT Compliance Program
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Yes
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No
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23
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Is there a senior officer or a designated Compliance Officer responsible for your institution’s anti-money laundering program?
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√
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24
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Does your institution provide AML/CFT training to employees that include identification and reporting of transactions, different forms of money laundering involving the institution’s products and services and internal policies to prevent money laundering?
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√
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25
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Does your institution retain records of its training sessions including attendance records and relevant training materials used?
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√
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26
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Does your institution communicate new AML/CFT related laws or changes to existing AML/CFT related policies or practices to employees?
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√
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27
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Does your institution employ third parties to carry out some of the functions of the institution?
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√
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AML/CFT Compliance Program
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Yes
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No
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28
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If ‘Yes’ to Question 27, does your institution provide AML/CFT training to relevant third parties that include identification and reporting of transactions, different forms of money laundering involving the institution’s products and services and internal controls to prevent money laundering?
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√
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29
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Is there a policy to protect the employees, if they, in good faith, report suspicious transactions?
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√
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30
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Is there an Internal Audit function to test the system for prevention of money laundering and terrorism financing and reviews your institution’s AML/CFT Compliance policy and program?
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√
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31
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If ‘Yes’ to Question 30, how frequent is the review conducted?
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Annually
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32
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Are the results of the review escalated to Senior Management?
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√
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33
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Are steps taken to close the compliance gaps identified by such reviews?
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√
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Contact Information
Please provide the name and title of Compliance Officer in your institution, his/her e-mail, address, phone number and fax number for future references.
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Name
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Nik Nuun Asma Nik Sulaiman
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Title
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Head, AML/CFT & Compliance Strategy
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E-mail
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niknuun@maybank.com.my
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Address
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Group Compliance
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10th Floor, East Wing,
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Menara Maybank,
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100, Jalan Tun Perak,
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50050 Kuala Lumpur
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MALAYSIA
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Phone No.
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(6) 03 - 20748237
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Fax No.
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(6) 03 - 27159403
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Signature
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Date
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