We have addressed, since then, most of the recommendations set out in the Mutual Evaluation Report (or MER), including the only Non-Compliant rating in terms of SR IX by implementing the cross border cash transportation declaration system since January 2010. Moving forward, considering the rising threat of cross border money laundering and greater emphasis on the effectiveness of the AML/CFT framework, a more strategic approach is undertaken. This is also undertaken as a tool to support the Malaysia’s National Key Result Areas (NKRAs), particularly the first and the second NKRAs, i.e., initiatives to reduce crime and combat corruption. For this, Malaysia has formulated (in 2009) a 3-year National AML/CFT Strategic Plan 2010–2012 as a strategic tool to achieve the desired results of AML/CFT regime. The Strategic Plan includes a set of strategies to achieve specific Desired Outcomes in four key areas; focused implementation; enhancement of the legal framework; improvement of the institutional framework; and capacity building. The Plan covers not only the aspect of preventive measures for financial institutions and designated non-financial businesses and professions (DNFBPs), but also the aspects of legal, financial intelligence and law enforcement, as well as domestic and international cooperation. As the Strategic Plan will be officially rolled out soon, Bank Negara Malaysia and the relevant agencies have started to implement the action plan in stages. The ML/TF investigation and prosecution have been intensified. To date, there have been 94 money laundering cases at various stages of prosecution, with more than 3000 charges involving proceeds amounting to RM1.2 billion.
If money such as Bitcoin or Diem become dominant in Norway, we will move closer to a new 4/7  BIS central bankers' speeches  financial system. Let me first point out that a complete eradication of the Norwegian krone requires that the government also uses a different currency for paying salaries and benefits and accepts it as payment for taxes. In the long term, one should be careful to rule out anything completely, but as it stands today, this does not appear very likely. Yet we can imagine an intermediate solution where the government continues to use the krone, while the private sector prefers one or more cryptocurrencies. For this to take place on a large scale, an infrastructure is needed so that the money can be used at more locations than today. Chart: How much does a cup of coffee cost? With many competing currencies in circulation, we will lose the Norwegian krone as a common measurement unit for what goods and services cost. A simple question about how much a cup of coffee costs may have a complicated answer. Prices must be stated in several currencies, and customers and merchants must agree on which currency should be used in the transaction. Wide exchange rate fluctuations can make this particularly demanding. Even with one cryptocurrency in the private sector, those with income in cryptocurrency who pay taxes in Norwegian kroner will incur an exchange rate risk.