Usually cases involving Get Rich Quick Scheme is aptly considered under the Anti Money Laundering and Anti Terrorism Financing Act (AMLATFA 2001). The four students: Hafiz was representing the banking institutions; Faizah was representing the government Sector; Sharina was representing the professionals group and Amran was representing the private sector/industry. 
The forum was moderated by Sulie. The students were engaged in some very useful discussions on the topic. A reminder to all: if you are being offered some unreasonable return within a short period of time without having to consider risk, you are involved with this "get Rich Quick Scheme" and your case can be considered under AMLATFA. AMLATFA jurisdiction is very severe, charges are based on transaction... beware.
The talk was specifically arranged for our Master students who are taking the Investigative Techniques course. 
Mr Aaron is one of the few Malaysians who have obtained the USA-based certificate Anti-Money laundering Specialist (ACAMS) in this country. Certainly his presence and talk were able to provide practical inputs to the Master students. At the end of this course all students will be presenting their own "investigation cases" at the university's moot court. They will need to choose a real-life financial criminology case and they would need to use effective investigation techniques in order to enable them to "prosecute" the pepetrators.
Effective this semester, all thesis, research monographs, journal articles and other mode of publication will have to go through a thorough screening of this software. It is interesting to note how the software is able to detect minute details on the sources (including website addresses) from where the "plagarized materials" have been taken. 
Through the FIU, the Central Bank of Malaysia has developed one of the best anti-money laundering and counter terrorism financing (AML/CTF)regime in this region. The prospect of collaborations certainly looks good. ARI is also inviting other international partners to participate in our research projects.
Through his experience as an investigating officer (IO) of several money laundering cases in Malaysia, he was able to relate to the students on the aspects of investigation protocol and the importantce of getting the right evidences. Thanks again Firdaus..
SYCo was represented by four passionate and highly ambitious students from the faculty of accountancy: Zharif Sarif, Abu Yasir, Aliff and Amru. Congratulations...
ARI's monthly meeting yesterday saw an "almost" full board attendance. Thank you. ARI also wish to welcome on board Dr Azmi Abdul Hamid, head of the newly formed Government-Linked Companies Research Centre (GLCRC). As such, there are currently seven research centres within ARI's framework....
Shariah auditing contributes towards managing the risks of the IFIs, contributes to the growth of the industry and the economy by providing adequate disclosure for the stakeholders to make informed decidions. AAOIFI is working towards developing a new professional qualification: Certified Islamic Professional Accountants.
Participants were reminded of the Accounting and Auditing Organisation for Islamic Financial Institutions' (AAOIFI)primary objectives are: firstly to develop standards on accounting and auditing, ethics and governance and disseminate them to their target market. Secondly to bring the industry towards greater harmonization of the policies and procedures of Islamic banks within local jurisdictions and accross nations. Thirdly to provide greater consistency in the shari'ah fatwas of the various shari'ah supervisory boards, hence adding development of shari'ah standards as another key activity within their roster and fourthly to address the human capital strain faced by the industry. This is achieved by providing professional qualification courses to the industry 
At the Muzakarah meeting, panelists are invited to present papers related to pertinent issues often faced by Islamic Financial Institutions. It is at the Muzakarah meetings that practitioners, academia and shariah experts get together to discuss and resolve the issues together. The Shariah Advisory Council and the Muzakarah are mechanisms that provide additional governance within the Islamic Financial institution framework...
The talk was indeed very useful for the students who are currently enrolled for the course AFC713 -FINANCIAL CRIMINOLOGY & MONEY LAUNDERING. Every semester, we invite practitioners to give talks to the students. This is part and parcel of giving practical exposure on the subject matter to them. 
