nor shamsiah mohd yunus : raising the bar in compliance and enforcement opening address by ms nor shamsiah mohd yunus, deputy governor of the central bank of malaysia, at the international conference on financial crime and terrorism financing ( ifctf ) 2011 – “ raising the bar in compliance and enforcement ”, kuala lumpur, 19 september 2011. * * * it is my pleasure to wish all of you a warm welcome to this third annual international conference on financial crime and terrorism financing. we are indeed privileged today to have the presence of yang berhormat dato ’ seri hishammuddin tun hussein, minister of home affairs of malaysia, who has kindly agreed to deliver the keynote address, and officiate the opening of this conference. his presence reflects the significance placed by the government of malaysia on the roles and contributions of the financial sector in supporting the national agenda to combat and reduce crime, particularly economic and financial crime as well as terrorist financing, which is crucial in maintaining the integrity and stability of our financial system. on behalf of the financial sector, i wish to extend our gratitude to yang berhormat dato ’ seri for gracing today ’ s event. i also am heartened by the continuous and encouraging participation of the private and public sectors in this conference. now in its third year, this conference has become a hallmark event that brings together various stakeholders in malaysia and from abroad, to discuss issues relating to financial crimes and terrorist financing. in addition, this conference continues to receive support from, and participation of, renowned international experts and our regional counterparts. i bid you a warm welcome to malaysia, and would like to take this opportunity to extend our appreciation for your support and contributions. allow me to also to congratulate the organiser of this event, the compliance officers networking group of malaysia ( cong ) and the collaborating partners, namely the institute of bankers malaysia, the securities industry development corporation, the malaysian insurance institute, islamic banking and finance institute malaysia ( ibfim ) and the asian institute of finance for successfully putting this event together. i have been made to understand that for the first time, this conference has also received support from the academia, with the participation of universiti teknologi mara as a collaborating partner. financial crime continues to evolve in modus operandi, multiply in scale and complexity, and hence, the greater the potential harm they can inflict on the smooth functioning of the financial markets and payment

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