The Governor has a term of seven years and often serves a longer term. Other Board members are appointed for at least five years and often serve multiple terms. Besides the Governor and the Deputy Governor, all members of the Board are external and are prominent members of the business, academic or policy communities.
With perseverance, a reinforced Secretariat and a closer link with partner agencies, I am confident that we will be able to address the country’s weak AML/CFT areas. As the world continues to evolve, the AMLC and its Secretariat should expect more challenges ahead.