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Tracing Corrupt Politician Via Anti-Money Laundering Regime: Malaysian Experience

It is generally accepted that corrupt politician can be found in almost any country. Due to the position held and influence potentially formed over others, a politician is at higher risk for involvement in corruption or any other financial crimes. This paper provides an analysis of the anti-money la...

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Main Author: A. Rahman, Aspalella
Format: Conference or Workshop Item
Language:English
Published: 2022
Subjects:
HG Finance
Online Access:https://repo.uum.edu.my/id/eprint/30449/1/SOLAS%20VI_2022_11_15.pdf
https://repo.uum.edu.my/id/eprint/30449/
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spelling my.uum.repo.304492024-02-25T11:14:12Z https://repo.uum.edu.my/id/eprint/30449/ Tracing Corrupt Politician Via Anti-Money Laundering Regime: Malaysian Experience A. Rahman, Aspalella HG Finance It is generally accepted that corrupt politician can be found in almost any country. Due to the position held and influence potentially formed over others, a politician is at higher risk for involvement in corruption or any other financial crimes. This paper provides an analysis of the anti-money laundering (AML) laws that affect the confiscation of the illegal proceeds derived from coffuption committed by politician against the backdrop of Malaysian law. This paper mainly relies on statutes and court cases as its primary sources of information. It is supported by secondary data to justify the analysis. This paper also utilized analytical descriptive approach to analyze relevant provisions from statutes and to examine current court cases regarding the implementation of the AML laws to combat corruption among politician. It is submitted that the AML legislation has comprehensive provisions that can be utilized to detect and confiscate the ill-gotten gains from corrupt politicians. This regime if effectively invoked, can help to reduce the corruption activities in Malaysia. However, when the illegal proceeds evolved globally, it will pose significant hurdles for the enforcement authorities as it needs great cooperation from their international counterparts to give evidence against the perpetrators. To make matters worse, some of the evidences went missing and even the witnesses are absconded or refuse to give cooperation. Indeed, getting the full cooperation and evidence from overseas is a difficult exercise. Therefore, the concerted efforts among all the relevant parties are critical to minimize the problems in this area of concern. 2022 Conference or Workshop Item PeerReviewed application/pdf en https://repo.uum.edu.my/id/eprint/30449/1/SOLAS%20VI_2022_11_15.pdf A. Rahman, Aspalella (2022) Tracing Corrupt Politician Via Anti-Money Laundering Regime: Malaysian Experience. In: Proceedings: Seminar on Law and Society 2022 (SOLAS VI), Theme: "Sustainability In Society: Legal Response", 8 & 9 November 2022, UUM Sintok, Kedah.
institution Universiti Utara Malaysia
building UUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Utara Malaysia
content_source UUM Institutional Repository
url_provider http://repo.uum.edu.my/
language English
topic HG Finance
spellingShingle HG Finance
A. Rahman, Aspalella
Tracing Corrupt Politician Via Anti-Money Laundering Regime: Malaysian Experience
description It is generally accepted that corrupt politician can be found in almost any country. Due to the position held and influence potentially formed over others, a politician is at higher risk for involvement in corruption or any other financial crimes. This paper provides an analysis of the anti-money laundering (AML) laws that affect the confiscation of the illegal proceeds derived from coffuption committed by politician against the backdrop of Malaysian law. This paper mainly relies on statutes and court cases as its primary sources of information. It is supported by secondary data to justify the analysis. This paper also utilized analytical descriptive approach to analyze relevant provisions from statutes and to examine current court cases regarding the implementation of the AML laws to combat corruption among politician. It is submitted that the AML legislation has comprehensive provisions that can be utilized to detect and confiscate the ill-gotten gains from corrupt politicians. This regime if effectively invoked, can help to reduce the corruption activities in Malaysia. However, when the illegal proceeds evolved globally, it will pose significant hurdles for the enforcement authorities as it needs great cooperation from their international counterparts to give evidence against the perpetrators. To make matters worse, some of the evidences went missing and even the witnesses are absconded or refuse to give cooperation. Indeed, getting the full cooperation and evidence from overseas is a difficult exercise. Therefore, the concerted efforts among all the relevant parties are critical to minimize the problems in this area of concern.
format Conference or Workshop Item
author A. Rahman, Aspalella
author_facet A. Rahman, Aspalella
author_sort A. Rahman, Aspalella
title Tracing Corrupt Politician Via Anti-Money Laundering Regime: Malaysian Experience
title_short Tracing Corrupt Politician Via Anti-Money Laundering Regime: Malaysian Experience
title_full Tracing Corrupt Politician Via Anti-Money Laundering Regime: Malaysian Experience
title_fullStr Tracing Corrupt Politician Via Anti-Money Laundering Regime: Malaysian Experience
title_full_unstemmed Tracing Corrupt Politician Via Anti-Money Laundering Regime: Malaysian Experience
title_sort tracing corrupt politician via anti-money laundering regime: malaysian experience
publishDate 2022
url https://repo.uum.edu.my/id/eprint/30449/1/SOLAS%20VI_2022_11_15.pdf
https://repo.uum.edu.my/id/eprint/30449/
_version_ 1792158597268897792
score 13.211869

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