BNM: Terrorists using Covid-19 pandemic to advance propaganda, fundraising

KUALA LUMPUR (Feb 4): Bank Negara Malaysia (BNM) deputy governor Marzunisham Omar said there have been growing concerns that terrorist groups are using the Covid-19 pandemic to advance their propaganda and fundraising efforts.

Although the risk seems muted at the moment due to strengthened border enforcement, online activities and financial transactions related to terrorism could easily go under the radar of authorities, Marzunisham said on Tuesday (Feb 2) in his speech in conjunction with the Asia/Pacific Group (APG) Annual Typologies Workshop.

BNM published Marzunisham's speech on the regulator's website yesterday (Feb 3).

"This bolsters the continuous need to better understand and profile key players involved in the furtherance of terrorism financing activities," he said.

"As we progress, financial crimes will continue to evolve and take on more complex forms. As such, we should remind ourselves to not let our guard down.

"The fight against terrorism is a shared battle and it must always be our collective priority," he said.

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