The Egmont Group was pleased to participate in the International Financial Crime Tech Forum (IFCTF) 2025, held in Kuala Lumpur, Malaysia. Executive Secretary Jérôme Beaumont joined a distinguished panel to discuss the Global Financial Crime Outlook and Technology Shaping Compliance, alongside former FATF President T. Raja Kumar and the Head of FIU Malaysia Zarifa Izan. The session was moderated by Mohd Fuad Arshad of Bank Negara Malaysia.
With over 1,500 delegates from banking, insurance, and financial services in attendance, the panel explored emerging risks and typologies in financial crime, and the transformative role of technology and public-private partnerships (PPPs) in strengthening compliance frameworks.
Mr. Beaumont emphasized that Financial Intelligence Units (FIUs) are increasingly facing technology-driven threats, including those posed by virtual assets and artificial intelligence, which complicate detection and response. He highlighted how PPPs are revolutionizing intelligence sharing, enabling faster and more effective responses to financial crime.
He also stressed the importance of adequate financial, IT, and human resources for FIUs to effectively address the evolving risk landscape.
Beyond the panel, Mr. Beaumont held bilateral meetings with key Malaysian stakeholders across the AML/CTF/CPF chain, including:
- Abd Rahman Abu Bakar, Supervisory Authority, Central Bank of Malaysia
- Dato’ Rushdi, Chief of Commercial Crime & AML, Royal Malaysia Police
- Dato’ Kamal Bahrin, Deputy Head of Prosecution
These discussions focused on enhancing domestic cooperation and underscored a shared commitment to capacity building across institutions.
The Egmont Group remains committed to fostering collaboration and innovation in the global fight against financial crime.
