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Proposed amendment of MACC Act to boost transparency among issues discussed at special Cabinet committee meeting

PUTRAJAYA: The special Cabinet committee on anti-corruption discussed the need to amend the Malaysian Anti-Corruption Commission Act to act against those who sell government tenders and projects. It was among the issues discussed during the meeting chaired by Prime Minister Tan Sri Muhyiddin Yassin on Monday (April 19) here. The Governance, Integrity and Anti-Corruption Centre (GIACC) said the amendment was needed to boost integrity and transparency in government procurement and to deter the involvement of parties with vested interests such as cartels. It said the meeting also agreed that the beneficiary ownership initiative must be expedited to ensure transparency in government procurement.

Новости Украины сегодня 13 апреля 2021 – новости мира

Новости Украины сегодня 13 апреля 2021 – новости мира
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UOB s anti-fraud team thwarts scam and recovers funds in 30 mins

SINGAPORE - An elderly man almost lost his entire life savings in a high-tech scam last year. But with the aid of its detection system, UOB s Integrated Fraud Management Unit was able to flag the transaction and recover all the funds within just 30 minutes. Mr Richard Soh, head of investigations at the department, said the bank s system uses machine learning and artificial intelligence as it monitors all transactions in real time. He said that in the man s case, he usually made transactions of at most several hundred dollars. But then, suddenly, there was one transaction that involved about $60,000. Mr Soh said: The system detected that almost 95 per cent of the funds in this man s account was suddenly transferred to an overseas account, even though he had never made a single international transaction before.

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