Head of MACC: “It is difficult for us to identify bribes in cryptocurrencies”

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The chief commissioner of the Malaysian Anti-Corruption Commission (MACC) acknowledged that the qualifications of the department’s employees are insufficient to detect bribes that are paid in cryptocurrencies.

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According to MACC Chief Commissioner Tan Sri Azam Baki (Tan Sri Azam Baki), in the next five years there will be changes in technology that will make corruption even more sophisticated.

“Even now, bribes are paid using cryptocurrencies and I must admit that MACC and Bank Negara are hard to detect. We are looking for ways to identify bribes in the virtual world,” said Azam Baki.

According to the head of the department, in order for the MACC to become a respected anti-corruption body and cause fear among criminals, it is necessary to constantly improve the qualifications and level of knowledge of employees.

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Azam Baki added that the program to study methods of combating corruption in the digital space will lose its relevance in the next five years, and it needs to be updated.

“Perhaps it is relevant now, but in the future, with a change in the way people think and technology, Generation Y will think differently. That is why we must always keep up with the times,” he said.

In March, Malaysian Deputy Finance Minister Yamani Hafez Musa said that digital assets are not suitable for settlements and payments, and cannot be considered an effective means of savings.

Source: Bits

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