Malaysia's National Scam Response Centre (NSRC) received 22,000 reports of scam cases resulting in losses exceeding RM147 million as of September 2024. The National Fraud Portal (NFP) has significantly aided in reducing the time to trace funds and increasing the amount of frozen funds compared to pre-launch averages.
KUALA LUMPUR: An estimated 22,000 cases of scams involving losses of over RM147 million as at September 2024 were reported by the victims to the National Scam Response Centre (NSRC), said the Ministry of Finance (MoF). In a written reply to the Dewan Negara dated Dec 18, the MoF said the NSRC received 64,000 calls, including case reports from scam victims and advisory services to the general public.
'Based on the reports, over 43,000 suspected mule accounts were identified for action from financial institutions to block multiple layers of transactions used to hide illicit funds,' it said. The ministry was responding to Senator Manolan Mohamad’s question regarding the number of scam cases that were detected and blocked with the establishment of the National Fraud Portal (NFP). 'Since its launch in April 2024 until September 2024, the NFP has successfully reduced the time required to trace funds by 75 per cent and increased the amount of frozen funds by 34 per cent compared with the monthly average before the portal’s launch,' the MoF added. - Bernam
SCAM MALAYSIA NATIONAL SCAM RESPONSE CENTRE NATIONAL FRAUD PORTAL FINANCIAL CRIME
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
ASEAN 2025 pacu kempen Tahun Melawat Malaysia 2026Malaysia telah menyasarkan lebih RM147 billion dengan kemasukan 35.6 juta pelancong pada Tahun Melawat Malaysia 2026.
Read more »
Malaysian Company Employee Falls For Investment Scam, Loses RM444,000A swindler posing as a stock investment consultant tricked a Malaysian company employee into losing RM444,000 through a share trading app and a WhatsApp group.
Read more »
Private Company Accountant Loses Near RM444,000 to Investment ScamA company accountant in Malaysia lost nearly RM444,000 to an investment scam that promised high returns through a stock investment scheme. The scam involved a WhatsApp group and false promises of high returns, leading the accountant to report the incident to the police.
Read more »
Foreign senior citizen loses more than RM200,000 to online scam in JohorKUALA LUMPUR: Bursa Malaysia opened lower in early trade as selling pressure on selected heavyweight stocks dampened overall market sentiment, reflecting cautious investor behaviour.
Read more »
Company Account Manager Loses RM444,000 in Investment ScamA company's account manager was duped into losing RM444,000 through a share trading investment scam. The victim was tricked into investing through a WhatsApp group and an app, promised huge returns, but ended up losing his investment.
Read more »
Beautician's dream turns nightmare after losing RM150,000 to scamSINGAPORE: An anti-death penalty activist group has been issued a correction order under Singapore’s fake news law over its social media posts relating to the recent execution of three prisoners here.
Read more »