PETALING JAYA: Enforcement agencies such as the police should use investigative powers under the Anti Money Laundering Act (AMLA) to address the growing threat of online fraud, says Former Malaysian Anti-Corruption Commission (MACC) chief commissioner Tan Sri Dzulkifli Ahmad.
In referring to The Star report dated May 4 on 'business owner duped RM1.8mil in online investment scheme’, he said such cases have become increasingly frequent, causing millions in losses for Malaysians.
"The police could use the powers under AMLA to investigate more efficiently and aggressively by focusing on not only arresting perpetrators but also tracing the flow of illicit funds and recovering the stolen money.
"Taking action against perpetrators alone is not enough, especially in cases involving international syndicates, as efforts to trace and recover the funds must be prioritised.
"These investigative processes are in line with AMLA's objectives, which also emphasise freezing, seizure and forfeiture of proceeds from unlawful activities.
Dzulkifli is actively involved in educating the public on financial crimes and is also the founder and president of Amlac Academy, an institution that offers a professional diploma in corporate anti-corruption management.
Through the academy, he continues to advocate for greater knowledge and efforts in combating financial crime.
