About Anqa Compliance#
Anqa Compliance is a cloud-based AML and sanctions compliance platform built for financial institutions and designated non-financial businesses and professions (DNFBPs) in emerging markets. The platform delivers eight integrated compliance modules — covering the full lifecycle from customer onboarding through to transaction monitoring, case management, and loan risk assessment — at a price point designed to be accessible to institutions of all sizes.
Anqa is used by banks, microfinance institutions, mobile money operators, foreign exchange bureaux, insurers, and DNFBPs including lawyers, accountants, and real estate professionals across Africa, South Asia, and South East Asia.
The Malaysian AML/CFT Compliance Environment#
Malaysia operates one of the more robust AML/CFT regulatory frameworks in South East Asia. The primary legislation governing anti-money laundering and counter-terrorism financing obligations is the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (AMLATFPUAA), administered and enforced by Bank Negara Malaysia (BNM).
Malaysia is a member of the Asia/Pacific Group on Money Laundering (APG), the FATF-style regional body for the Asia-Pacific region, and its regulatory framework reflects the FATF Forty Recommendations. BNM has demonstrated a consistent commitment to enforcement, including administrative sanctions, public reprimands, and referrals for prosecution where institutions have failed to meet their AML/CFT obligations.
The regulatory perimeter in Malaysia is broad. Reporting obligations extend beyond commercial banks and investment firms to include insurance companies, development financial institutions, money services businesses, lawyers, accountants, company secretaries, and real estate agents. Virtual asset service providers (VASPs) are regulated under the Capital Markets and Services (Prescription of Securities) Order and subject to BNM oversight, with detailed requirements around customer due diligence, transaction monitoring, and suspicious transaction reporting.
BNM’s AML/CFT and Targeted Financial Sanctions policy documents set out detailed expectations for risk-based compliance programmes, customer due diligence, enhanced due diligence for higher-risk customers and transactions, ongoing monitoring, and suspicious transaction reporting to the Financial Intelligence and Enforcement Department (FIED).
Against this backdrop, institutions of all sizes need compliance technology that is capable, affordable, and designed for the realities of operating in the Malaysian market.
What Anqa Compliance Covers#
KYC and Customer Due Diligence#
The Anqa KYC Hub supports the full customer due diligence process, from initial identity verification through to enhanced due diligence for higher-risk customers including politically exposed persons (PEPs), high-risk nationals, and customers operating in high-risk sectors. Structured risk scoring, documentation management, and periodic review workflows are built into the module.
Digital Onboarding#
The Digital Onboarding module enables institutions to onboard new customers through a configurable digital workflow, reducing manual processing time and ensuring that all required information and documentation is captured consistently at the point of onboarding. The module supports both individual and corporate customer onboarding.
Sanctions Watchlist Screening#
The Sanctions Watchlist Screening module screens customers and counterparties against major international sanctions lists, including UN, OFAC, EU, and UK sanctions, as well as domestic and regional lists relevant to Malaysian institutions. Screening is available at onboarding and on an ongoing basis, with configurable match thresholds and a structured alert review workflow.
Transaction Monitoring#
The Transaction Monitoring module applies configurable rules and scenario-based detection to identify transactions that may indicate money laundering, terrorism financing, or other financial crime. Alerts are routed to the Case Management module for investigation and escalation where required.
Case Management#
The Case Management module provides a structured workflow for managing compliance investigations from initial alert through to closure or escalation to a suspicious transaction report. All investigative activity is documented and auditable, supporting both internal governance and regulatory examination.
Pricing#
Anqa Compliance is priced from USD $35 per month, making it one of the most accessible enterprise-grade AML compliance platforms available in the Malaysian market. Pricing scales with the size and complexity of the institution. There are no long-term contract requirements for entry-level tiers, and implementation is straightforward for institutions with limited internal IT resource.
A full pricing schedule is available on request.
Getting Started#
To request a demonstration, discuss pricing, or explore whether Anqa Compliance is suitable for your institution, please use the contact form on this page. Our team responds to all enquiries within two business days.