Digitalisation intensifies financial risk


PETALING JAYA: The acceleration of digitalisation has intensified the risks of money laundering, terrorism financing and proliferation financing in the financial industry.

Bank Negara deputy governor Marzunisham Omar (pic) said the rapid change in technology sometimes results in anti-money laundering, combating the financing of terrorism and countering proliferation financing (AML/CFT/CPF) measures undertaken by authorities to be reactive.

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