Money laundering, terrorism financing, proliferation financing on the rise, says Bank Negara

Bank Negara Malaysia Deputy Governor Marzunisham Omar said the authorities remain vigilant in the fight against money laundering (ML), terrorism financing (TF) and proliferation financing.

KUALA LUMPUR: The authorities are facing new and increasing challenges following the increasing sophistication of financial tools and products in their fight against money laundering (ML), terrorism financing (TF) and proliferation financing (PF).

Bank Negara Malaysia Deputy Governor Marzunisham Omar said on Tuesday despite these challenges, the authorities remain vigilant in the fight against ML, TF and PF.