KUALA LUMPUR: Malaysia has recorded significant asset recovery through clear emphasis at policy and operational levels, resulting in a 15-fold increase since the 2015 mutual evaluation report, totalling RM37.63bil in assets, says global financial crime watchdog Financial Action Task Force and Asia/Pacific Group on Money Laundering.
A mutual evaluation report released on Thursday (Dec 11) said Malaysian authorities placed a clear emphasis on asset recovery, especially through civil processes (tax recovery, non-conviction-based forfeiture and the Securities Commission (SC) disgorgement).
