Financial Crime World

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Battling Money Laundering & Terrorism Financing In Malaysia

Table of Contents

This book by Vijayaraj R Kanniah covers various aspects of anti-money laundering (AML) and counter-terrorism financing (CFT), including definitions, international bodies, compliance officers’ roles, regulatory frameworks, local regulations, suspicious transaction reports, risk-based approaches, and more.

Overview of Chapters

The following are brief summaries of each chapter:

Chapter 1: Definition Of Money Laundering

  • This chapter provides an overview of the concept of money laundering, its types, and examples.

Chapter 2: Definition Of Terrorism Financing

  • This chapter explores the definition, types, and examples of terrorism financing.

Chapter 3: Difference Between Money Laundering & Terrorism Financing

  • This chapter highlights the key differences between these two related but distinct concepts.

Chapter 4: International Bodies On AML/CFT

  • The book discusses international organizations, such as the Financial Action Task Force (FATF), that play a crucial role in combating money laundering and terrorism financing.

Chapter 5: Compliance Officer & Its Role

  • This chapter delves into the responsibilities and duties of compliance officers in ensuring AML/CFT regulations are adhered to.

Chapter 6: Regulatory Framework In Enforcing AML/CFT

  • The book outlines the regulatory frameworks, laws, and regulations that govern AML/CFT practices in Malaysia.

Chapter 7: Local Regulations On AML/CFT

  • This chapter focuses on specific local regulations, guidelines, and requirements related to AML/CFT in Malaysia.

Chapter 8: Suspicious Transaction Reports

  • The book discusses the process of reporting suspicious transactions to relevant authorities and the importance of this procedure.

Chapter 9: Possible Risk In Non Compliance In AML/CFT Regulations

  • This chapter highlights the potential risks and consequences of non-compliance with AML/CFT regulations.

Chapter 10: Implementing Risk-Based Approach

  • The final chapter explores the risk-based approach to AML/CFT, which involves identifying, assessing, and mitigating financial risks.

Additional Resources

The book also includes:

  • Foreword
  • Introduction
  • Bibliography
  • Articles related to AML/CFT