Wednesday, 21 Oct 2020 09:20 PM MYTPUTRAJAYA, Oct 21 — As corruption gets complicated and transnational, fighting corruption and money laundering cannot be achieved solely by any single institution or economy but requires working together to advance greater collaboration and cross-border coordination.
He said the efforts to recover the 1MDB assets had started in 2019 and the United States and Singapore had assisted Malaysia in recovering more than US$3.5 billion in assets so far. Azam said Malaysia pledged its commitment and adhered to the principles of the United Nations Convention Against Corruption and as a party, collaborated towards its implementation.
Azam said Malaysia, through the MACC, also actively participated in the Economic Crime Agency Network , a formal network of law enforcement agencies from various economies including some from APEC members which were involved primarily in investigating and combating economic crime, including fraud, bribery and corruption.
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