Kuala Lumpur: The Malaysian Anti-Corruption Commission (MACC) will continue to collaborate with financial institutions, regulatory agencies such as Bank Negara Malaysia (BNM), and enforcement agencies to build a strong and comprehensive anti-corruption and anti-money laundering ecosystem.

According to BERNAMA News Agency, MACC Chief Commissioner Tan Sri Azam Baki emphasized that as digital technology evolves, so does the landscape of corruption and financial crime. This evolution includes the use of digital assets, fraudulent investments, cross-border transactions, and complex corporate structures.

Azam noted that cunning and manipulative financial criminals exploit weaknesses in the enforcement system and legal loopholes to create organized and systematic crime networks, which threaten the country’s stability. He addressed these issues during a shooting program between the MACC Anti-Money Laundering (AML) Division and the Compliance Officers Networking Group (CONG).

He further stated that MACC would persist in its efforts to block the outflow of illegal money and ensure the return of stolen property to the country. By working closely with financial institutions, MACC aims to invest in financial intelligence systems, develop AI detection technology, and implement stricter compliance audits in financial institutions. These efforts align with the digitalization era’s demands to address increasingly complex financial crime issues.