It's vital for the Malaysian Anti-Corruption Commission (MACC) to have its own provision on beneficial ownership in the MACC Act 2009 to identify real owners of businesses or properties to further eradicate corruption.<br /><br />MACC chief commissioner Latheefa Koya said currently, there were provisions on beneficial ownership but it is under other legislations, such as the Companies Act and Anti-Money Laundering Act 2001 (AMLA).<br /><br />Read more at https://www.thestar.com.my/news/nation/2019/07/22/tackling-beneficial-ownership-macc-wants-provision-to-identify-real-owners/
