Understanding money laundering and asset recovery strategies


MONEY laundering is a process of converting cash or property derived from illegal activities to give it a legitimate appearance. It is a process to clean “dirty” money in order to disguise its criminal origin.

The Malaysian Anti-Corruption Commission (MACC) is empowered to enforce recovery of stolen assets via the Anti-Money Laundering and Anti-Terrorism Financing Act 2001 (AMLATFPUAA 2001).

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money laundering , asset recovery , MACC

   

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