Malaysia

Enact laws covering political funding, beneficial ownership: advisory board

Anti-Corruption Advisory Board recommends legal reforms after studying MACC annual report

Updated 4 years ago · Published on 21 Apr 2022 3:48PM

Enact laws covering political funding, beneficial ownership: advisory board
Tan Sri Abu Zahar Ujang suggests that the lack of a specific political funding law leaves political parties open to bribery. – The Vibes file pic, April 21, 2022

KUALA LUMPUR – The Anti-Corruption Advisory Board (LPPR) today recommended various legal reforms including the enactment of laws covering political funding and beneficial ownership.

According to a statement by LPPR chairman Tan Sri Abu Zahar Ujang, the recommendations were made after studying the Malaysian Anti-Corruption Commission’s (MACC) annual report.

The first recommendation by the LPPR includes speeding up the enactment of a Misconduct in Public Office Act, as the LPPR board views cases involving wrongdoings by civil servants as a serious matter resulting in wastage and leakage of public funds.

Abu Zahar also proposed expediting the creation of laws concerning beneficial ownership, saying they would require commercial organisations or any individual to declare any instance of beneficial ownership.

He suggested that the lack of a specific political funding law leaves political parties open to bribery.

“LPPR views this seriously and recommends that the government develop specific laws for this to supervise political donations and ensure political activities are clean,” Abu Zahar said.

Furthermore, based on the cooperation between LPPR and the Special Committee on Corruption, the establishment of a Special Committee on Corruption Affairs under the purview of Parliament was also recommended.

The statement said that the select committee would deal with matters including the appointment of MACC commissioners and financial allocations, among other things.

Besides the select committee, LPPR also suggested swiftly establishing the Anti-Corruption Services Commission to provide services and develop MACC’s human resources, to ensure officers and appointed MACC staff have the required skills and competency in conducting their duties. – The Vibes, April 21, 2022

Related News

Business / 1d

Businessman seeks MACC action after Customs disclosure on cargo irregularities

Business / 1mth

Maritime expert continues to seek updates on cargo report

Malaysia / 1mth

MACC chief urges staff to confront weaknesses, learn from mistakes

Malaysia / 1mth

Asset declaration: Why involve my 12-year-old son, asks Saravanan

Malaysia / 1mth

MACC orders Saravanan, wife, and three children to declare assets

Malaysia / 1mth

Abdul Azeez and children ordered to declare assets within a month

Spotlight

Malaysia

Asyraf denies Najib ready to pay RM50m fine for house arrest

Malaysia

Malaysia’s average household size falls to 3.8 people

Malaysia

Najib's former wife Tengku Puteri Zainah in critical condition in ICU

Malaysia

More than 117,000 harmful online posts removed as government steps up enforcement

Malaysia

1,000 families receive Deepavali aid to ensure no one misses festive celebrations

Malaysia

Mother, daughter fined RM500 each for obstructing Muar council enforcement officers

Malaysia

Kelantan records 1,446 khalwat cases in three years

Malaysia

Negeri’s deposed Undang, chieftains fail to stop committal proceedings

You may be interested

Malaysia

Law Minister seeks two-thirds support for AG-prosecutor split

Malaysia

Flash floods: Several areas in Shah Alam affected, traffic remains congested

Malaysia

RM10.7b financing reaches 300,000 entrepreneurs as govt steps up support for small traders

Malaysia

Na’imah’s constitutional challenge over police probe dismissed by High Court

Malaysia

Anwar: Urban development must not leave ordinary Malaysians, small businesses behind

Malaysia

Denying young candidates opportunities risks leadership gap in future - Adam Adli

Malaysia

RM1 million fund to ease healthcare costs for senior journalists

Malaysia

Border agencies seize RM256m in drugs and smuggled goods in 10-month crackdown