Kuala Lumpur, March 14 - Bank Negara Malaysia (BNM), the Malaysian Anti-Corruption Commission (MACC) and Inland Revenue Board of Malaysia (LHDNM) will enhance their strategic cooperation in combatting financial crimes, corruption and tax evasion.
This was agreed at a meeting yesterday between Governor of BNM, Datuk Muhammad bin Ibrahim, Chief Commissioner of the MACC, Datuk Dzulkifli Ahmad and Chief Executive Officer of LHDNM, Datuk Sabin Samitah.
The aim of the tri-partite effort is to strengthen strategic cooperation in curbing financial crimes, especially those involving corruption and tax evasion. All three agencies are strongly committed to ensuring the financial institutions are not used as a conduit to channel proceeds derived from financial crimes.
Muhammad says, “BNM welcomes the commitment and collaboration with MACC and LHDNM to combat financial crimes. The collaboration of the three agencies will stem the channelling of illegal proceeds and illegal transactions through the financial system. This is key in preserving the integrity and public confidence in the Malaysian financial system.”
“This collaboration also allows exchange of information on investigation as well as reinforces the sharing of best practices between the three agencies given that each agency has unique challenges in combating financial crimes, corruption and tax evasion. The meet was mooted to reinforce and showcase initiatives and intention by all three agencies in tackling bribery and corruption besides promoting public awareness in financial crimes,” says Dzulkifli.
Sabin states, “LHDNM will give our full commitment to the collaboration with BNM and MACC. This strategic alliance is a necessary step towards reducing tax leakages that result from financial crimes. We firmly believe the synergy between our three agencies will bring forth significant benefits for the betterment of our beloved nation.”
The synergistic combination and cooperation between the three agencies would strengthen the country's financial system, increase national revenue and build a country that is free from corruption and abuse of power.