KUALA LUMPUR: Dewan Rakyat today passed a bill to pave the way for the setting up of the National Anti-Financial Crime Centre (NFCC), which is aimed at tackling money laundering.
Dewan Rakyat speaker Mohamad Ariff Yusof announced that the bill had been passed unanimously after a four-hour debate.
The centre will bring together 12 enforcement agencies, including the police, the Malaysian Anti-Corruption Commission (MACC) and Bank Negara Malaysia.
It will have a centralised data system on financial crime.
NFCC will also advise the prime minister on aspects relating to financial crime, and will facilitate the cooperation between the centre, government entities and enforcement agencies.
Last year, it was reported that former MACC deputy chief commissioner (prevention) Mustafar Ali would head NFCC.
Earlier, when wrapping up the debate on the bill, de facto law minister Liew Vui Keong said money that has gone out of the country illegally would be returned via the NFCC.
Liew also said that cryptocurrency would also come under the centre’s purview if it contravenes laws under the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001. - FMT
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.