KUALA LUMPUR, Sept 25 (Bernama) — With reference to reports on a leaked document pertaining to the US Treasury Department’s Financial Crimes Enforcement Network (FinCEN), which mentions AmBank, we would like to state as follows.
AmBank Group is strongly committed to adherence to all banking rules and regulations. Over the recent years, global practices for Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT) have improved and made more stringent. AmBank is compliant with the existing AML/ CFT framework in place. We have spent more than RM100 million in a span of four years commencing 2016, to improve the robustness of our processes as well as enhance our monitoring systems, infrastructure and training. We have hired industry talents to transform the Bank and ensure compliance to all rules and regulations.