The Dynamics of Risk Management in Malaysian Remittance Services
Md Amanat Ullah
University Tun Hussein Onn Malaysia. (UTHM)
Mr Albert Lim
Depart: Technology & Business Management.
Dr, See Ta Wee
Parit Raja, Batu Pahat, 864000, Johor- Malaysia.
Download PDFAbstract
In the contemporary era, a lot of people moves many part ofcountriesin the modern world, the developing
countries people also moves for the better earning. Malaysia is one of the host country to allow the foreign
workers to work and providing financial facility for them such as banking, financing and remittance. The
government of Malaysia is providing remittance licensing to help the foreign employees with right way.
Therefore, a lot of money transfer companies are able to serve them with act of Anti Money Laundering
and Counter Financing of Terrorism (AML/CFT) Bank Negara Malaysia. The enterprise, and mid-level
companies are having few risk to do this services in the market it will discuss below.
Keywords: Internal Risk; External Risk; Operational Risk; Internal Management Risk; Reputational Risk
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