Page 192 - SC Annual Report 2018 (ENG)

Securities
Commission
Malaysia
ANNUAL
REPORT
2018

An integral part of the investigation process is the to record statements from witnesses located
gathering of documentary and oral evidence. The overseas and to obtain documents, such as banking
SC’s Investigating Officers are given investigation and securities transactions documents from foreign
powers under the Securities Commission Malaysia
Act 1993 (SCA) to facilitate the gathering of such
evidence.
Table 1

In 2018, witness statements from a total of 381 Foreign assistance sought by the sc in 2018 by
jurisdiction
individuals were recorded by the SC’s Investigating
Officers (Chart 3). Nearly half of these statements Jurisdictions No. of requests
were recorded from professionals (which included BVI 2
auditors, bankers, lawyers and company secretaries),
directors and senior management of PLCs as well as China 3
securities accountholders. Hong Kong 6

India 1
In addition to gathering documentary and oral
evidence locally, the SC sought assistance from Korea 1
foreign supervisory authorities under the IOSCO Singapore 11
Multilateral Memorandum of Understanding on Switzerland 1
Consultation and Co-operation and Exchange
of Information to gather foreign evidence. The United States 1
SC made 26 requests to 8 foreign supervisory ToTAL 26
authorities (see Table 1), mostly to seek assistance

Chart 3
Witness statements recorded in 2018 by type of witness

Professionals 60

PLC’s employees 32

PLC’s customers/suppliers 11

PLC directors / senior management 71
Directors of private companies 39

Investors/Securities account holders 60

Licensed persons 40
Government/Regulatory agencies 35
and service providers

Others 33

0 10 20 30 40 50 60 70 80

182 | PART 5 »» STATEMENTS, STATiSTiCS ANd ACTiviTiES

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