Islamic banks and money laundering in Malaysia: a legal compliance perspective

• Main Authors: Mohd Yasin, Norhashimah, Nik Sulaiman, Nik Nuun Asma, Zul Kepli, Mohd Yazid
• Other Authors: Oseni, Umar A.
• Format: Book Chapter
• Language: English
• Published: Emerald Publishing Limited 2019
• Subjects: HG3368 Islamic Banking and Finance; KBP Islamic Law
• Online Access: http://irep.iium.edu.my/77732/1/77732_Islamic%20banks%20and%20money%20laundering.pdf; http://irep.iium.edu.my/77732/; https://www.emerald.com/insight/content/doi/10.1108/978-1-78973-545-120191015/full/html

The Anti-Money Laundering and Counter Financing of Terrorism (AML/CFT) Thematic Review of Banking & Insurance sectors conducted by Bank Negara Malaysia (BNM) in 2013 indicated that oversight functions are still inadequate in the areas of compliance, internal audit, board of directors and senior...