“Despite the steps taken by Tun Abdullah Badawi when he was Prime Minister, and the recent suggestions by Tengku Razaleigh Hamzah, the matter of asset declaration continues to be an issue. While Malaysia has an existing asset declaration system, it is not comprehensive.
Studies however show that an effective asset declaration system can curb corruption and perception of corruption. Provided that it is backed by
- legal norms, is
- publicly available, and it
- adopts certain rules. This brief proposes methods to improve the Malaysian system by looking at practices in other countries…”