Full AMLA Power Must Be Activated To Combat Billion Ringgit Scams
Former Chief Commissioner of the Malaysian Anti- Corruption Commission (MACC), Tan Sri Dzulkifli Ahmad, has stressed that
enforcement agencies such as the Royal Malaysia Police (PDRM) must utilise their investigative powers under the Anti-Money Laundering Act (AMLA) more effectively and aggressively to address the growing threat of online fraud.
He made this statement in response to the report in an English Daily dated 4 May 2025, titled 'Business owner duped in RM1.8mil online investment scam', which revealed how an entrepreneur fell victim to an online investment scam, resulting in a loss of RM1.8 million.
According to Dzulkifli, such cases are becoming increasingly frequent, causing millions in losses to Malaysians. Therefore, he stressed that enforcement effort must also be strengthened. 'It is time for enforcement agencies such as the PDRM to utilise their powers under AMLA more efficiently and aggressively. The main focus should not just be on arresting the perpetrators, assuming proper investigations are even carried out, but also on tracing the flow of illicit funds and recovering the stolen
money,' he said.
He further added that taking action against the perpetrators alone is no longer sufficient, especially in cases involving international syndicates or mule accounts that are difficult to trace. Dzulkifli emphasised that efforts to trace and recover victims' funds must be prioritised in investigative approaches, in line with AMLA's objectives, which also emphasise freezing, seizure, and forfeiture of proceeds from unlawful activities.
Actively involved in educating the public on financial crimes, Tan Sri Dzulkifli Ahmad 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 deep understanding among professionals to strengthen efforts in combating financial crime and enhancing integrity in corporate governance. Related
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