MACC’s recovery of corruption proceeds increases by 400%


KUALA LUMPUR: The Malaysia Anti-Corruption Commission (MACC) has seized up to 400% more corrupt money in the first nine months of this year compared with last year.

MACC chief Dzulkifli Ahmad attributed its success to the cooperation with Bank Negara Malaysia and the compliance units of financial institutions.

“I am truly delighted to share that the results of our efforts have been encouraging,” he said in his speech at the 9th International Conference on Financial Crime and Terrorism Financing 2017 here today.

According to data Dzulkifli presented, MACC had recovered RM21.4 million between January and September this year.

This compares with the RM3.9 million MACC recovered in 2015, and RM4.95 million last year.

Dzulkifli credited MACC’s achievement to the ongoing awareness and cooperation with its partners in the compliance community.

However, he warned against getting complacent, saying that MACC and its partners should not let this success get to their heads.

“We can still do more and achieve more with the right compliance mindset,” he said.