Alliance Bank has zero tolerance towards money laundering

Alliance Bank is the latest bank to issue a statement regarding the allegations, after Public Bank Bhd, CIMB Group, AmBank Group and United Overseas Bank (UOB) Group.

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.