KUALA LUMPUR, May 19 -- The formation of the Accounting Fraud Task Force (KKFP) is a strategic move to strengthen Malaysia's efforts in recovering funds and assets linked to corruption and misappropriation, particularly those hidden overseas.

Malaysian Anti-Corruption Commission (MACC) Chief Commissioner Tan Sri Azam Baki said the MACC, as the lead agency and secretariat for KKFP, will ensure that detection, analysis, and enforcement actions are carried out in a more efficient, coordinated and high-impact manner.

"Dealing with cases involving the loss of national funds through complex syndicates that involve multiple parties is not an easy task. However, through KKFP, we can plug further leakages and recover stolen assets.

"For example...