Malaysia deputy touts progress on money laundering, terrorism financing
Risk governance remains a "work in progress" as evident from the recent money laundering control failures experienced by some big financial institutions in developed economies, Bank Negara Malaysia (BNM) assistant governor Encik Abu Hassan Alshari Yahaya said today in a keynote address at the fifth International Conference on Financial Crime and Terrorism Financing in Kuala Lumpur.
Focusing on risk governance and culture, Yahaya singled out the obligation of banks to adopt a risk-based approach
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