The Accounting Research Institute (ARI) and I wish to thank Mr Nor Khizam Sulaiman for accepting our invitation for him to give an industry lecture to our post graduate students.
Mr Nor Khizam is currently Vice President/Head, Prudential and Governance Supervision at RHB Investment Bank. His responsibility includes performing compliance and supervisory function for capital markets and corporate regulatory requirement for investment banking business and operations. He is also the appointed Compliance Officer of AML/CFT for regulatory monitoring and reporting to regulatory bodies.
In his lecture, Mr Nor Khizam shares his experiences in dealing and handing AML/CFT cases. We were told that in reality, the three stages of ML involving "placement", "layering" and "integration" are more complex as they include multiple transactions and multiple ML "players". In addition to the AML/CFT system available in financial institutions, "people skills" and "Ingenuity" are "must have" added characteristics of an effective AML/CFT officers.
Mr Nor Khizam is currently Vice President/Head, Prudential and Governance Supervision at RHB Investment Bank. His responsibility includes performing compliance and supervisory function for capital markets and corporate regulatory requirement for investment banking business and operations. He is also the appointed Compliance Officer of AML/CFT for regulatory monitoring and reporting to regulatory bodies.
In his lecture, Mr Nor Khizam shares his experiences in dealing and handing AML/CFT cases. We were told that in reality, the three stages of ML involving "placement", "layering" and "integration" are more complex as they include multiple transactions and multiple ML "players". In addition to the AML/CFT system available in financial institutions, "people skills" and "Ingenuity" are "must have" added characteristics of an effective AML/CFT officers.
