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Featured Article

THE AMLA FOR YOU AND FOR ME Clothes can get dirty, so how do you make them clean again? You wash them. This illustration conveys the perfect visual of what money laundering is. It is similar to washing clothes – a process to make “dirty money” that is obtained illegally from criminal activities to be channelled into legitimate organisations or businesses that then can be used without restrictions.

If your firm is accused of money laundering, your firm will be at risk. Here are tips to help you protect yourself. Read the article >>

STAY ALERT!

FRAUDS AND SCAMS: INCREASING AWARENESS

Is there any difference between frauds and scams? No! They are the same, scams ARE fraud. Scammers are really

smart. They take advantage from whatever sources that they have to create a believable scenario that looks very convincing.

This article aims to help you increase your awareness on scams and gives insight on what you can do to reduce the risk of being scammed. Read the article >>

Indemnity and Risk Management Monthly Newsletter Brought to you by the Bar Council Professional Indemnity Insurance Committee

Assisting Lawyers

Visit the Praktis website for more information on

PII and risk management.

For enquiries on PII and Risk Management,

please contact:

PII & Risk Management Department

Tel: 03-2050 2001

Email: pirm@malaysianbar.org.my

Website: www.praktis.com.my

I-RiskSpotJanuary 2021

Circular No 048/2021 2 Feb 2021

Issued by Burhanudeen b Abd Wahid and Kuthubul Zaman b Bukhari, Co-Chairpersons, Bar Council Professional Indemnity Insurance Committee