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The future is now - tech-driven compliance in the fight against financial crime

· Abdul Rasheed Ghaffour, Governor of the Bank Negara Malaysia (Malaysia)

Summary written by Dark Majestic in its own words · topics: technology, ai and cyber risk

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· Abdul Rasheed Ghaffour · Bank Negara Malaysia WikiThe future is now - tech-driven compliance in the fight against financial crime

ContextOpening remarks by the Governor of Bank Negara Malaysia at the 15th International Conference on Financial Crime and Terrorism Financing in Kuala Lumpur.

Why it mattersShows how AI and digital tools can make the fight against financial crime cheaper and better targeted.

Problems raised
  1. Financial crime keeps evolving.
  2. Illicit activities threaten the financial system.
  3. Compliance is costly.
Solutions proposed
  1. Use national risk assessments for targeted action.
  2. Adopt AI and digital tools for compliance.
  3. Invest today for tomorrow's challenges.
Read full speech on bis.org ↗

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