KUALA LUMPUR: Bank Negara and relevant enforcement agencies have intensified investigation and prosecution against Anti-Money Laundering and Terrorism Financing (AML/TF) activities.

Bank Negara deputy governor Datuk Zamani Abdul Ghani, said last year the government formulated a three-year National AML/TF Strategy Plan 2010-2012 as a tool to achieve the desired results as part of the National Key Result Areas.

“Bank Negara and other agencies have started to implement the action plan in stages. The AML/TF investigation and prosecution have been intensified. To date, there have been 94 money laundering cases at various stages of prosecution with more than 3,000 charges involving proceeds amounting to RM1.2 billion,” Zamani said in his keynote address at the International Financial Crime and Terrorism Financing Conference here this morning.

Zamani said the Anti-Money Laundering and Anti-Terrorism Financing Act 2001 had been in effect for the past eight years and was recognised internationally.

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