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Original Research Article

Year: 2015 | Month: March | Volume: 2 | Issue: 3 | Pages: 101-106

The Dynamics of Risk Management in Malaysian Remittance Services

Md Amanat Ullah, Mr Albert Lim, See Ta Wee

University Tun Hussein Onn Malaysia. (UTHM), Department of Technology & Business Management, Parit Raja, Batu Pahat, 864000, Johor- Malaysia.

Corresponding author: Md Amanat Ullah


In the contemporary era, a lot of people moves many part of countries in the modern world, the developing countries people also move for the better earning. Malaysia is one of the host countries 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 risks to do this service in the market it will discuss below.

Keywords: Internal Risk, External Risk, Operational Risk, Internal Management Risk and Reputational Risk.

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