attracted great interest within the domestic and international communities on the aml / cft / cpf regime. this has led to higher expectations for authorities to take prompt action against activities involving cross - border flow of illicit funds as well as the broader ml / tf / pf threats. while efforts by the financial action task force ( fatf ) to enhance and provide greater clarity on related standards, including on transparency of beneficial ownership is underway, authorities and gatekeepers are also expected to ensure that blind spots are effectively addressed. more often than not, the information regarding these illicit activities resides with multiple parties across the public and private sectors. hence, any suspicion will only surface if we are able to link and integrate that information. in this pursuit, greater collaboration among the law enforcement agencies ( leas ) as well as between leas and the private sector is essential for us to efficiently and effectively connect and assess all relevant information, which will no doubt further strengthen our efforts to fight ml / tf / pf threats. in this respect, it is observed that the public - private partnership ( ppp ) is gaining momentum and is fast becoming known as a key success factor for effective information sharing in the 1 the joint money laundering intelligence aml / cft / cpf ecosystem. to quote some examples, taskforce ( jmlit ) established by the united kingdom in 2016 has prompted a key shift in 1 / 3 bis central bankers'speeches addressing ml / tf threats. as of june 2020, jmlit has completed over 750 cases and detected more than 5, 000 suspected accounts linked to financial crimes. similar achievement was also experienced by the fintel alliance in australia where within the span of one year between 2018 to 2019, over 300 cases were successfully completed through the partnership. other countries within the region have also followed suit – hong kong ’ s fraud and money laundering intelligence taskforce ( fmlit ) and singapore ’ s anti - money laundering and countering the financing of terrorism industry partnership ( acip ). in malaysia, the ppp is undertaken through the financial intelligence network ( myfinet ), which involves collaboration and information sharing between leas such as the central bank, royal malaysia police and malaysian anti - corruption commission, and private sectors such as financial institutions. given the significant potential of ppp, we have identified it as one of the apg co - chairs ’ priorities and we have also successfully conducted the first part of the ppp technical seminar in july this year. for the

long - term benchmark holding in their portfolio or as a tactical investment in seeking market out - performance. when this becomes a reality, the citigroup global bond index will be the first benchmark that has malaysia as a component. the index could also serve to facilitate enhanced trading or liquidity in the market, with the commitment to make market or provide prices for the bonds comprised within the index. besides enhancing the trading volume and related business prospects, it would also spur competition among dealers and the growth of derivative products. increased market activity and continuous availability of prices in a benchmark government debt market would, in turn, enable other markets ; namely private debt securities and asset backed securities to be appropriately priced relative to the degree of risks, and for such securities to be further developed. the dow jones - rhb islamic equity index heralds another milestone in the growing islamic financial markets. the merger of the dow jones islamic index for malaysia and the existing rhb islamic index, besides achieving some form of economies of scale with reduced duplication of efforts, will have the significant added advantage of both international and domestic recognition. moreover, as one of the leading countries that support the growth and development of islamic financial markets, it is most appropriate for the development of the index to be part of the dow jones islamic world index. within a global index such as the dow jones islamic world index, the inclusion of the dow jonesrhb islamic index will increase the potential for further investments into malaysian islamic equities. malaysia is well positioned to benefit greatly from this as the infrastructure and marketplace for islamic financial instruments and investment has long been developed. indeed, in our equity market, more than 80 % of the counters in bursa malaysia or previously known as the kuala lumpur stock exchange, are syariah compliant. ladies and gentlemen, certainly, the development of benchmark market indices is an important part and parcel of the continued progress, contributing to the further deepening of capital markets. two particular areas of heightened focus are in the regional bond market and international sukuk market. in the region, the asian bond fund 2, launched by the emeap central banks in december 2004, is aimed at promoting the further integration of the regional countries'bond markets and the creation of a new asset class for asia and global investors. one of the important pillars of this development has been the construction of benchmark indices. indeed the launch of asian bond fund 2 is accompanied by the development of benchmark indices that are fully