Malaysia Is Revising Rules Against Money Laundering
- BNM to pursue more deterrent action against money laundering
- Governor said in June 1MDB can’t be allowed to happen again
Photographer: Kiyoshi Ota/Bloomberg
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Bank Negara Malaysia is finalizing revisions to guidelines against money laundering and terrorism financing.
The central bank will publish a draft and seek feedback on the changes in September, Assistant Governor Adnan Zaylani Mohamad Zahid said in the text of a speech Thursday. Starting next year, the regulator is increasing its supervisory and enforcement of anti-money laundering compliance, with plans to pursue more deterrent action, he said.