The government has tabled a bill to set up a National Anti-Financial Crime Centre (NFCC) which will coordinate operations and centralise information relating to financial crimes among government entities.
The NFCC is an initiative under the National Anti-Corruption Plan 2019-2023 with the primary purpose of coordinating enforcement actions to combat financial crimes.
"The centre seeks to coordinate 12 existing enforcement agencies which includes the Royal Malaysian Police, Malaysian Anti-Corruption Commission, the Royal Malaysians Customs Department and also Bank Negara in preventing and combating financial crimes, both domestically and internationally.
"The centre will act as a coordinator in integrated operations with law enforcement agencies and is not a new law enforcement agency on its own," said Minister in the Prime Minister's Department, Liew Vui Keong (photo).
He said this at a press conference after he tabled the bill for the first reading in the Dewan Rakyat today.
Liew said however, the NFCC will not have any investigation powers and it will not diminish, abolish or eliminate the functions or powers of any existing enforcement agencies.
According to the bill, the NFCC has three functions.
The first is to coordinate and collaborate in integrated operation with the enforcement agencies in matters relating to financial crime and to advise the enforcement agencies in related matters.
The second is to establish, administer and maintain a centralised data system relating to financial crime, in order to provide support for the integrated operation and to transmit information in the centralised data system to other government agency or enforcement agencies.
Third is to carry out activities relating to the prevention of financial crime.
The centre will have an advisory board which will advise the Prime Minister Dr Mahathir Mohamad on any aspect relating to financial crimes, among others.
The NFCC will also have an executive committee led by a director-general which will determine the direction of the centre in preventing financial crimes and approve and monitor any integrated operations.
Both the advisory board chairperson and the director-general will be appointed by the Yang di-Pertuan Agong with the advice of the Prime Minister on three-year contracts. - Mkini
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.