Azam Baki says DPA will help MACC fight financial crimes, ensure faster recovery of assets

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Azam Baki says DPA will help MACC fight financial crimes, ensure faster recovery of assets
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KUALA LUMPUR, Sept 19 — Malaysian Anti-Corruption Commission (MACC) chief commissioner Tan Sri Azam Baki said having a deferred prosecution agreement (DPA) in place would allow...

KUALA LUMPUR, Sept 19 — Malaysian Anti-Corruption Commission chief commissioner Tan Sri Azam Baki said having a deferred prosecution agreement in place would allow prosecutors to focus on getting outcomes without having to go through long, tedious and expensive trials.“This is the way forward for us to fight economic and financial crimes.

Under a DPA, the conditions stipulated can be in the form of payment of a monetary fine, disgorgement of monies associated with the offence, and monitoring by regulatory agencies. At present, Australia, Canada, France, Singapore, the United Kingdom, and the United States are some of the countries that have the DPA mechanism.

“We are in the midst of benchmarking with other countries. A team will be heading to the United Kingdom and they will come back with a proposal.

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