Graft: Financial institutions urged to channel info on suspicious transactions to MACC

KUALA LUMPUR: Financial institutions have been called to play a vital role in exchanging information and sharing expertise with the Malaysian Anti-Corruption Commission (MACC) on large and suspicious transactions detected to fight corruption and money laundering cases in the country.

MACC chief commissioner Tan Sri Azam Baki (pic) said the commission would discuss with the institutions the best method to detect illegal proceeds at an early stage, such as the procurement stage.