PUTRAJAYA - A multi-agency Special Task Force (STF) spearheaded by the Attorney-General's Chambers has made tremendous inroads to curb financial losses by the government from uncollected taxes and other sources of revenue.
Attorney-General Tan Sri Abdul Gani Patail said STF was established due to the seriousness of money laundering and as part of the two main thrusts of the government's National Key Result Area to reduce crime and combat corruption.
Its main objectives were to identify and collect revenue arising from undeclared customs duties and taxes due to the government, to investigate related crimes such as illegal remittances, smuggling of illicit funds and address the misuse of subsidies for diesel, petrol and gas, he said at AGC's monthly assembly here today.
Collaboration between STF and the Domestic Trade, Cooperatives and Consumerism Ministry in March led to the seizure of vessels, tankers, modified vehicles and skid tanks used to smuggle diesel valued at RM100 million.
"The collaboration was aimed to achieve a projected savings of RM395 million for the government in subsidies for diesel, petrol and gas this year."
He said in combating money laundering and related predicate crimes, the STF coordinated joint operations had significantly increased the Inland Revenue Board and Royal Malaysian Customs annual collection.
The IRB projected collection in 2014 is RM140.15 billion, a 100% increase in four years while the RMC projected collection in 2014 is RM36 billion, a RM10 billion increase from the RM25.9 billion collected in 2009.
The STF comprises the AGC, Bank Negara, Royal Malaysian Police, Malaysian Anti-Corruption Commission, IRB, RMC, Immigration Department and the Malaysian Communications and Multimedia Commission. – Bernama
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