I believe this meeting had produced many benefits to ensure integrity, safety, security and stability of our financial system. It will be helpful in identifying several AML and CFT related crime emerging in the region and for initiating coordinating measures among several jurisdictions.
As a result, financial problems abroad do spill over into the domestic economy. Given their collective size, influence and international connectedness, it is critical for local financial entities to rigorously follow strong governance practices; failure to do so would add another source of deep vulnerability to their own operations and potentially to the wider financial system. 5  http://www.fsb.org/2017/05/fsb-sets-out-next-steps-on-work-to-strengthen-governance-frameworks-tomitigate-misconduct-risks/ . 4  7.