Shahrizam A. Shukor (17202) in his capacity as a company secretary of 1 Step Facility Providers Sdn Bhd (‘Company’) had been punished and imposed a suspension of 3 months effective 1/11/2024, fine of RM3000-00 and costs of RM4000-00 by the Disciplinary Committee of the Institute on 24/9/2024 pursuant to a complaint lodged with Suruhanjaya Syarikat Malaysia (‘SSM’) on his appointment as the Company’s director on 18/4/2019 without obtaining his prior consent and approval, and upon investigation by SSM he has been found to have breached Bank Negara Malaysia’s (BNM) Guidelines in relation to Anti-Money Laundering, Countering Financing of Terrorism and Targeted Financial Sanctions for Designated Non-Financial Business and Professions (DNFBP) and Non-Bank Financial Institutions (NBFI) (AML,CFT and TFS for DNFBPs and NBFIs) (“DNFBP Guidelines”) in which he had failed to fulfil his responsibility as a “reporting institution” in his capacity as company secretary in respect of “Know Your Customer (KYC)” and “Customer Due Diligence (CDD)” in the transaction of the gazetted activities under DNFBP Guidelines in relation to the said appointment of directorship of the Company
The use of the word ‘Accountant’
In Malaysia, the word ‘Accountant’ is protected as provided for under the provisions of the Accountants Act 1967 which states that no one can hold himself out or practise as an Accountant unless he is registered as a member of the Malaysian Institute of Accountants.
‘The Malaysian Institute of Accountants is committed to the observance and practice of the highest ethical standards of the accountancy profession. All PC holders are reminded that under the MIA By-Laws (On Professional Ethics, Conduct And Practice), no person shall practice or hold out anything on audit/tax services without a license approved by the Ministry of Finance. Every PC holder is therefore expected to comply fully with Section B200.1 to B200.6 of the MIA By-Laws (On Professional Ethics, Conduct And Practice) failing which, you may be held liable for unprofessional conduct and disciplinary action may be taken against you.’
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