lodged. let me reiterate that the submission of these reports is to facilitate the gathering of financial intelligence for analysis purposes. then, it is equally important to establish a range of red flags to enable detection of suspicious transactions. one important area is to be alert on high risk jurisdictions. bank negara malaysia has, from time to time, provided information on this area such as circulars on countries that are deficient in their aml / cft regime as identified by the fatf. in addition, please do keep yourself updated on sanctions from the united nations as well as reports from multilateral organisations, such as the unodc, which report on aml / cft matters for a number of countries. information from various sources would support the strs and ctrs mechanism. the effective implementation of internal aml / cft programme relies strongly on the capacity and capability of the resources supporting the programme. this is translated into the third key aspect of the aml / cft programme, that is the provision of adequate and applicable resources to the compliance section of your institution. it is the responsibility of your board and management to ensure that the compliance section is given due consideration and importance in terms of resources. it is within this context that i see the financial institutions corporate social responsibility ( csr ) should be undertaken. the financial institutions can continue to play a bigger role in contributing towards reducing crime and corruption, especially through the reporting of suspicious transaction reports ( strs ). to date, the str received from reporting institutions have contributed to about 300 ml / tf investigations. the strs, which is “ trigger alert ” for any ml / tf activities going through the institutions, has steadily increased ( 52 % annually ) due the overall improvement in compliance practice among reporting institutions. i wish to stress that having strong aml / cft practice is not only pertinent to ensure the country ’ s aml / cft risks are carefully managed, but it is also important for the financial institutions to lower the cost of doing business arising from aml / cft investigations and cases. concerted effort by law enforcement agencies has resulted in an average annual increase of 86 % in cases under prosecution and forfeiture without prosecution. without having adequate controls and system in place, financial institution will face challenges in responding to the increasing demand from law enforcement agencies. in addition, it is also observed that international financial institutions have strengthened aml / cft monitoring of their counterparts, and are taking actions, such

. role of individual institutions – to ensure enabling environment for okus for a start, individual financial institution is encouraged to address immediate needs mentioned earlier that was highlighted by the okus such as providing lower counter, talking atms, sign language for the deaf, website which is w3c compliance and offer appropriate insurance products for the okus. in providing the accessibility to the oku community, the industry players need to ensure that the services and products are relevant, sustainable and affordable in meeting the needs of the okus, associated risks are mitigated and the oku consumers are protected. bis central bankers ’ speeches role of bank negara malaysia – to consolidate effort and move forward together as mentioned earlier, it has always been high on bank negara malaysia ’ s financial inclusion agenda that all facets of the malaysian society are served by the financial industry. as such, i would like to call upon all of us here, let us embrace this journey together towards a more caring and responsible industry by ensuring the needs of the okus are provided for. launching of “ cash test ” for the visually impaired as part of bank negara malaysia ’ s continuous initiative to support the needs of oku community, the bank has introduced a device known as ringgit cash test cards, a credit card - sized plastic card with gauges designed to assist the visually impaired in identifying banknotes and coins. they contain braille markings as well as tactile symbols to denote each denomination. in 2000, bank negara malaysia presented 13, 000 units of ringgit cash test cards to the visually impaired which measured third series banknotes of all denominations. this year, the bank will distribute 20, 000 units of ringgit cash test cards to the visually impaired. the bank has made several improvements to the new cash test card design including to measure the fourth series banknotes and a coin channel to measure third series coins after obtaining feedback from the national council for the blind, the malaysian association for the blind and kementerian pembangunan wanita, keluarga dan masyarakat. in conjunction with this program, i would like to take this opportunity to launch the new cash test card. bis central bankers ’ speeches