THE National Anti-Financial Crime Centre (NAFCC) will look into all financial crime, be it big or small said Minister in Prime Minister Department Liew Vui Keong.

Liew, who is the de facto law minister, said the centre will also look into cases involving money-laundering.

The centre is an initiative under the National Anti-Corruption Plan 2019-2023, with a primary objective of conducting integrated operations in the handling of financial crimes.

Liew said although financial crimes in Malaysia are not in the “red” zone, the formation of this integrated centre is vital to regulate enforcement.

“Currently, the (level of) financial crimes are still okay. We’re not in the ‘red’ zone. It is under control.

“We still find that there is a need for an integration centre such as NAFCC to regulate enforcement,” Liew told reporters after tabling the NAFCC bill in Dewan Rakyat this morning.

The bill is expected to be debated on Thursday.

He said although the police, Royal Malaysian Customs, the Malaysian Anti-Corruption Commission and Bank Negara carry out enforcement to tackle financial crimes, a centre such as NAFCC is important so the agencies can coordinate and share data. – October 8, 2019.