PETALING JAYA: The acceleration of digitalisation has intensified the risks of money laundering, terrorism financing and proliferation financing in the financial industry.
Bank Negara deputy governor Marzunisham Omar (pic) said the rapid change in technology sometimes results in anti-money laundering, combating the financing of terrorism and countering proliferation financing (AML/CFT/CPF) measures undertaken by authorities to be reactive.
Already a subscriber? Log in.
Get 30% off with our ads free Premium Plan!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
