moment due to strengthened border enforcement, online activities and financial transactions related to terrorism could easily go under the radar of authorities. this bolsters the continuous need to better understand and profile key players involved in the furtherance of terrorism financing activities. i believe that the typology report and also discussion during this workshop will help us to close gaps and reduce our blind spots. as we progress, financial crimes will continue to evolve and take on more complex forms. as such, we should remind ourselves to not let our guards down. the fight against terrorism is a shared battle and it must always be our collective priority. this can only be successfully conquered through the sharing of information between members. conclusion as we face unprecedented times, we are bound to encounter unknown challenges. thus, there is a need for all of us to stay prepared, agile and responsive in facing those threats. collaboration amongst us, through sharing of information and experience, will further strengthen our collective readiness to address the ml / tf risks. i note that a diverse mix of participants including from the private sectors have registered for the workshop which will no doubt enrich the discourse this week. i hope all of you will be able to draw new insights and perspective as well as leverage on the initiatives and best practices shared in this workshop, potentially to emulate it in your respective jurisdictions. for your benefit, the secretariat will upload the relevant presentation materials and outcome report on the apg website after the conclusion of the workshop. i would also like to encourage any further dialogue between the delegates on these issues post the workshop and i am sure the secretariat will be able to assist in connecting the delegates. there will no doubt be challenges in networking under a virtual setting, but these are the ‘ new normal and conditions ’ that the more we are accustomed to, the more we are able to adapt. the apg itself is still in the initial phase of using the virtual platforms and the secretariat would appreciate any feedback on how to improve this further. in line with the apg co - chairs ’ priorities, we are also continuously working with the secretariat to deliver more capacity building initiatives for the members, especially in the areas of public2 / 3 bis central bankers'speeches private partnership ( ppp ), dnfbps supervision and data analytics. before i conclude my remarks, let me take this opportunity to thank the apg secretariat in organising this workshop and all partners, including the alliance for financial stability with information technology, and the global centre on cooperative security.

reputation has been diligently built over the decades. we owe it to the public and future generations to preserve the integrity and credibility of the bank. thus, we have zero tolerance for unethical behaviour leading to fraud, including corruption. staff must be mindful that their conduct must not give rise to any perception of corrupt practices. the bank ’ s management will take stern action against those who perpetrate, facilitate or are complicit in such acts. we will not protect such wrongdoers and will cooperate with the relevant authorities to ensure that the appropriate punishments are meted out. in the last few years, the bank has expanded its activities into project management. our scope of responsibilities and stakeholder groups have also expanded in tandem. in order to ensure continuous integrity safeguards, the bank has refreshed its framework and guidelines to include the procurement process, project management and whistle blowing to mitigate current and emerging project risks. third parties which are engaged by the bank must adhere to ethical practices as outlined in the vendor code of conduct, to be made publicly available soon. in closing, i would like to express my deep appreciation to assistant commissioner tuan mohan and his colleagues from macc. we are very privileged to have had the opportunity to benefit 1 / 2 bis central bankers'speeches from their insight and experience and it will help us do our part in combating corruption. may this occasion foster an even closer cooperation between the bank and macc, and herald many more joint events to come. 2 / 2 bis central bankers'speeches