In tandem with global economic and social development and the increasing openness and communication between countries and territories, money laundering has become an important channel for income reaped by perpetrators of crimes involving drug trafficking, smuggling, graft and fraud. On the other hand, the burgeoning terrorism is posing serious threat to peace, security and social order.
At the moment, money laundering and financing terrorism activities have become a pandemic which threatens the integrity of the civilized world. How efficiently and effectively can we proceed with our AML/CFT work? It has become a deciding factor universally when comes to securing the steady development of our community and global economy.