Latest news with #AGD
The Star
20-05-2025
- Business
- The Star
RM10.4mil fraud uncovered at federal dept
Tackling fraud together: Azam (centre) launching the Accounting Fraud Task Force in Kuala Lumpur. Also present were Wan Suraya (third right) and Nor Yati (third left). — Bernama KUALA LUMPUR: The Accountant General's Department (AGD) has uncovered a case of financial fraud involving a federal department, resulting in losses amounting to RM10.4mil. Accountant-General Nor Yati Ahmad said the case, which involved public servants, is among several identified between 2019 and 2024, with total losses estimated at RM18mil. 'Enforcement action has already been taken in connection with the case,' she told a press conference after the launch of the Accounting Fraud Task Force (KKFP) here yesterday, Bernama reported. Also present were Malaysian Anti-Corruption Commission (MACC) chief commissioner Tan Sri Azam Baki and Auditor-General Datuk Seri Wan Suraya Wan Mohd Radzi. Nor Yati said the fraud involved manipulation of financial systems and unauthorised changes to accounting procedures. She said the AGD is now taking proactive steps by using digital tools to analyse financial data and identify suspicious transactions or early warning signs. 'We're no longer relying solely on third-party reports. 'Technology-driven monitoring has become part of our standard operations and will continue to be strengthened,' she said. Meanwhile, in her speech, Nor Yati highlighted the increasing complexity of public sector accounting due to rapid technological and socio-economic developments, which require stronger collaboration across agencies. She said the setting up of KKFP aligns with the government's focus on integrity and good governance, and is expected to enhance fraud prevention efforts in the public sector. 'The AGD is fully committed to supporting KKFP through strategic collaboration with relevant agencies. 'With collective efforts and the sharing of best practices, we can significantly improve the detection and prevention of financial fraud,' she added.
Malaysiakini
19-05-2025
- Business
- Malaysiakini
AGD uncovers RM10m fraud at Malaysian govt office in London
The Accountant General's Department (AGD) has uncovered a case of financial fraud involving a Malaysian government office in London, resulting in losses amounting to RM10.4 million. Accountant-General Nor Yati Ahmad said the case, which involved public servants, is among several identified between 2019 and 2024, with total losses estimated at RM18 million. 'Enforcement action...
Malay Mail
19-05-2025
- Business
- Malay Mail
Accountant General's Dept uncovers RM10.4m fraud in federal government office
KUALA LUMPUR, May 19 — The Accountant General's Department of Malaysia (AGD) has uncovered a case of financial fraud involving a federal department, resulting in losses of amounting to RM10.4 million. Accountant General Nor Yati Ahmad said the case, which involved public servants, is among several identified between 2019 and 2024, with total losses estimated at RM18 million. "Enforcement action has already been taken in connection with the case,' she told a press conference after the launch of the Accounting Fraud Task Force (KKFP) here today. Also present at the launch were Malaysian Anti-Corruption Commission (MACC) Chief Commissioner Tan Sri Azam Baki and Auditor General Datuk Seri Wan Suraya Wan Mohd Radzi. Nor Yati said the fraud involved manipulation of financial systems and unauthorised changes to accounting procedures. She said the AGD is now taking proactive steps by using digital tools to analyse financial data and identify suspicious transactions or early warning signs. 'We're no longer relying solely on third-party reports. Technology-driven monitoring has become part of our standard operations and will continue to be strengthened,' she said. Meanwhile, in her speech, Nor Yati highlighted the increasing complexity of public sector accounting due to rapid technological and socio-economic developments, which require stronger collaboration across agencies. She said the establishment of KKFP aligns with the Madani government's focus on integrity and good governance, and is expected to enhance fraud prevention efforts in the public sector. 'The AGD is fully committed to supporting KKFP through strategic collaboration with relevant agencies. 'With collective efforts and the sharing of best practices, we can significantly improve the detection and prevention of financial fraud,' she added. — Bernama
The Sun
19-05-2025
- Business
- The Sun
AGD uncovers RM10.4 million fraud at federal department
KUALA LUMPUR: The Accountant General's Department of Malaysia (AGD) has uncovered a case of financial fraud involving a federal department, resulting in losses of amounting to RM10.4 million. Accountant General Nor Yati Ahmad said the case, which involved public servants, is among several identified between 2019 and 2024, with total losses estimated at RM18 million. 'Enforcement action has already been taken in connection with the case,' she told a press conference after the launch of the Accounting Fraud Task Force (KKFP) here today. Also present at the launch were Malaysian Anti-Corruption Commission (MACC) Chief Commissioner Tan Sri Azam Baki and Auditor General Datuk Seri Wan Suraya Wan Mohd Radzi. Nor Yati said the fraud involved manipulation of financial systems and unauthorised changes to accounting procedures. She said the AGD is now taking proactive steps by using digital tools to analyse financial data and identify suspicious transactions or early warning signs. 'We're no longer relying solely on third-party reports. Technology-driven monitoring has become part of our standard operations and will continue to be strengthened,' she said. Meanwhile, in her speech, Nor Yati highlighted the increasing complexity of public sector accounting due to rapid technological and socio-economic developments, which require stronger collaboration across agencies. She said the establishment of KKFP aligns with the Madani government's focus on integrity and good governance, and is expected to enhance fraud prevention efforts in the public sector. 'The AGD is fully committed to supporting KKFP through strategic collaboration with relevant agencies. 'With collective efforts and the sharing of best practices, we can significantly improve the detection and prevention of financial fraud,' she added.
Barnama
19-05-2025
- Business
- Barnama
AGD Uncovers RM10.4 Million Fraud At Federal Department
KUALA LUMPUR, May 19 (Bernama) -- The Accountant General's Department of Malaysia (AGD) has uncovered a case of financial fraud involving a federal department, resulting in losses of amounting to RM10.4 million. Accountant General Nor Yati Ahmad said the case, which involved public servants, is among several identified between 2019 and 2024, with total losses estimated at RM18 million. 'Enforcement action has already been taken in connection with the case,' she told a press conference after the launch of the Accounting Fraud Task Force (KKFP) here today. Also present at the launch were Malaysian Anti-Corruption Commission (MACC) Chief Commissioner Tan Sri Azam Baki and Auditor General Datuk Seri Wan Suraya Wan Mohd Radzi. Nor Yati said the fraud involved manipulation of financial systems and unauthorised changes to accounting procedures. She said the AGD is now taking proactive steps by using digital tools to analyse financial data and identify suspicious transactions or early warning signs. 'We're no longer relying solely on third-party reports. Technology-driven monitoring has become part of our standard operations and will continue to be strengthened,' she said. Meanwhile, in her speech, Nor Yati highlighted the increasing complexity of public sector accounting due to rapid technological and socio-economic developments, which require stronger collaboration across agencies. She said the establishment of KKFP aligns with the Madani government's focus on integrity and good governance, and is expected to enhance fraud prevention efforts in the public sector.
