Researchers from the Anti Money Laundering and Counter Financing of Terrorism (AML/CFT) research cluster recently organized a three-day research retreat in Putrajaya. Basically the two aims of the retreat were (i) to update the group on research progress & to resolve research issues (ii) to come out with at least two concept papers from their research projects. Research update have included among others, discussions on Financial Action Task Force (FATF) "40 + 9 Recommendations", "New 40 Recommendations" and "Asia-Pacific Group Mutual Evaluation Report on Malaysia". Currently, the research cluster reviews ML/CFT initiatives and program in financial institutions, and other reporting institutions such as the Royal Malaysia Custom (RMC), Tabung Haji, the Government's Auditor General Office. The Accounting Research Institute (ARI) has recently appointed two visiting professors from Australia to facilitate the cluster members with the research projects. The retreat was facilitated by Cluster head, Associate Professor Dr Pok Wee Ching.