MALAYSIA’S RECORD ON AML IS PATCHY BUT PROGRESSING, EXPERTS SAY
October 1st, 2017
MALAYSIA is making progress in combating money laundering but political interference is still a problem in implementing policies and enforcing laws, experts have told Money Laundering Bulletin.
A dynamic upper middle-income country (USD9,850 per head gross national income in 2016, says the Word Bank), some of Malaysia’s ML and TF [terrorist financing] risks derive from its geographic position. It borders three neighbours plagued by endemic corruption, namely Indonesia, the Philippines and Thailand. The predominately Moslem country has also been used by the ...
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