KUALA LUMPUR: Alliance Bank Malaysia Bhd, one of the banks reportedly mentioned in a leaked document of the US Treasury Department’s Financial Crimes Enforcement Network (FinCEN), said it has zero tolerance towards money laundering and terrorism financing.
In a statement, the bank said it has a comprehensive and robust system of risk management and internal controls to ensure and enforce compliance with all applicable laws and regulations.
A report, citing the purported document, said a total of 23 transactions, involving US$18.26mil that flowed to or from nine banks in Malaysia between 2010 and 2016, had been flagged by US-based banks as suspicious.
Public Bank said it remained committed in efforts to combat financial crimes and would cooperate with the authorities to maintain the integrity of the financial system. — Bernama
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