1. What is the purpose of NFCC developing a centralized data system?

The purpose of NFCC to develop a centralized data system is because previously there was no government entity or enforcement agency that had a centralized database for the purpose of collecting information related to financial crimes. With the existence of this database, it can speed up the work process and can not only help the NFCC in carrying out its mandate but also help other enforcement agencies in carrying out their responsibilities more efficiently, effectively and effectively. In short, this system will be developed because there is a need to create a mechanism for the collection and sharing of information among government entities and local enforcement agencies and it can be considered as a national agenda considering that it benefits and brings benefits to government entities and enforcement agencies generally.

2. How NFCC ensures the confidentiality of the information obtained?

The information obtained is used for the purpose of profiling and analysis to carry out NFCC's functions and responsibilities in integrated operations in addition to joint partnerships with enforcement agencies subject to the provisions of section 18 of the NFCC Bill 2019.

1. What is the National Anti-Financial Crime Center (NFCC)?

NFCC was established as a Federal government agency under the administration of the Prime Minister's Department. It acts as a coordinator and co-ordinator to the Enforcement Agencies in Malaysia such as Bank Negara, SPRM, PDRM, JKDM, SSM, LHDN, KPDNHEP and LOFSA to deal with issues related to financial crime in an integrated manner.

2. What is the meaning of the interpretation of Financial Crime ?

Financial Crime is defined under section 2 as any offense listed in the Second Schedule to the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001.

However, the NFCC Act will give the Minister the power to include any criminal offense as a new financial crime in addition to the offenses listed under the Second Schedule to the AMLA. The Minister can do this by issuing an order.

3. Why should NFCC be established?

The establishment of NFCC is a dimension of coordination and collaboration of various law enforcement agencies and government entities involved in combating financial crime. NFCC is a government agency that was created and functions as a strategic and holistic platform at the national level in line with the manifestation and commitment of the government in dealing with financial crime.