Dr Raymond Madden, CEO of AIF, recently attended the Counter-Terrorism Financing Summit at Sasana Kijang, Kuala Lumpur. The conference, organised by Bank Negara Malaysia, was held in Kuala Lumpur from 20 to 23 November 2017. This regional summit is hosted in partnership with Australia Transaction Reports and Analysis Centre (AUSTRAC) and Indonesia’s PPATK.
With the theme ‘Powering Regional Solutions Through Strengthened Alliances and Innovations’, the summit aimed to develop further strategic regional collaboration in countering terrorism financing and understanding its risks through intelligence-sharing.
Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi, who officially opened the Summit, said the government would monitor all transactions which could be a possible financing line to terrorists. Governor of Bank Negara Malaysia, Tan Sri Muhammad bin Ibrahim suggested a three-prong strategy to erect stronger defences within the financial system which includes capitalising on technology, promoting clever partnership between the authorities and industry, and closer international cooperation.