Malaysia: MACC wants businesses to set aside funds to combat graft

The Malaysian Anti-Corruption Commission (MACC) has called for businesses to spend a fair amount of their annual budget on anti-corruption efforts.

Chief commissioner Azam Baki said it was to ensure that the wealth generated by businesses were shared among the people and not only a few.

“At the same time, we also should work towards ensuring the economic sector is not seen as a safe haven for corrupt actors,” he said in a statement today.

Earlier, Azam delivered his keynote address at the Asia-Pacific Economic Cooperation (Apec) Anti-Corruption and Transparency Experts’ Working Group (ACTWG) virtual meeting titled “Capacity Building Workshop on Exposing the Unseen Hands: Tackling Concealment of Beneficial Ownership”, here.

The original full article can be found at freemalaysiatoday.com

(Photo: Bernama pic)

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