Guest speech by Tuan Mohammad Zamri Zainad Abidin, Director of Anti Money Laundering Division, Malaysian Anti-Corruption Commission (MACC)

In ICFC 2022, he shared on "The Benefits of Good Intelligence in Achieving Successful Law Enforcement Outcomes in the Fight Against Corruption". Fighting corruption and financial crime not only involve the role of the Law Enforcement Agency (LEA)s but it is also the responsibility of all level of societies, individuals and corporations. The crime is getting very sophisticated and involved various layering process including hiding the ultimate beneficiary ownership of the unlawful proceeds. Hence the task of the LEAS are very challenging and costly. Hence MACC has developed a list of typologies (methods and types of corruption, fraud and money laundering) to be used by financial institutions to detect and trigger a red flag and finally raised a suspicious transactions report for MACC to take action.