Anselmo L S Teng: Anti-money laundering in financial supervision Opening speech by Mr Anselmo L S Teng, Chairman of the Monetary Authority of Macao, at the Financial Sector AML/CFT Seminar, Macao, 19 July 2007.
RBI is seized of this issue and may be constrained to take strict actions including imposition of heavy penalties, if the banking industry continues to follow such unethical and unacceptable practices of mis-selling of third party products.