The Malaysian Anti-Money Laundering 2016 Report

Malaysia banks have been stepping up their fight against money laundering and financing of terrorism in an effort to adhere to international standards. The Financial Action Task Force on Money Laundering (FATF) last year scrutinized Malaysia and has said that Malaysian banks have a long way to go before their comply with their standards. Malaysian banks, especially the large ones, have becoming improving their AML/CFT standards in order to continue to expand across ASEAN and northern Asia and to comply with local regulations.
 
This report is the most authoritative source on how Malaysian banks are combating money laundering. The report is based off a survey with 10 bankers across anti-money laundering including heads of AML, heads of compliance, and senior directors and managers involved in AML in six different banks in the country, including state-owned banks and international ones.
 
The report also looks at what regulations AML heads are worried about, their future plans in implementing KYC and AML systems and processes, and their views on how to deal with supply afraid, internal fraud, and how they are avoiding terrorist money laundering. The report also looks into how Malaysian AML and compliance bankers view transactional monitoring, customer risk assessment, customer due diligence controls and Watch List Monitoring.

Reasons To Invest in This Report
 
The Dragon Bankers has extensive networks with Greater Chinese banks due to its trainings in the region, publications, conferences and research throughout the region. The Greater China AML Report will help allow your team to accomplish the following:

• Acquire important contacts in Greater China’s AML industry.
• Get the names of the decision-makers within Greater China’s AML departments.
  
• Understand in depth the decision-making process regarding purchasing AML software and the bidding process, and what banks look for in a bid for software.
• Learn about Greater Chinese bank’s weaknesses in AML software, the problems they are encountering in monitoring transactions, KYC, reporting, and training staff in AML.
• Gain deep insights into Chinese bank’s main thoughts into what the regulators are planning, how the regulations have impacted the banks, and how they are planning on responding.

 
Who Should Invest In This Report?
This Report Is Designed for The Following For The Following Decision Makers:

• Technology venders based in Greater China that are seeking to gain a comprehensive view of the latest developments in anti-money laundering regulations, bank’s software issues and the regions’ banking executives plans.
  
• Technology venders that are planning in near future to begin servicing banks in Greater China in terms of anti-money laundering software.
• Regulators in are seeking to learn how Greater Chinese banks are monitoring their transactions, complying with AML regulations, and upgrading their software.
• Banks that are seeking to learn about the latest developments of AML in Greater China and what the region’s decision makers are building the proper infrastructure to comply with local and international regulations.

 

---