Sunday, November 13, 2011

Learning More About AML/CFT

In pursuing research in financial criminology, one must understand the laws governing financial fraud. One such law is Malaysia's Anti Money Laundering and Anti Terrorism Financing Act (AMLATFA 2001)which was introduced in 2001. Today we invited a Deputy Public Prosecutor (DPP) who was handling the AMLA and financial crime cases at the Attorney General Chamber office prior to his recent appoinment with the Malaysian Anti Corruption Commission (MACC). DPP Mohd Saifuddin shared his experiences with the Master of Forensic Accounting and Financial Criminology students on issues and challenges in implementing the Act. In his lecture, the DPP shared a lot of real case studies with the students. In gathering evidences for financial fraud cases, investigators must have the ability to "read in between the lines" and gather as much information from witnesses as they possibly could...

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