SYNDICATES are offering about RM1,000 to buy ATM cards and the associated bank accounts to be used to launder ill-gotten gains, Sin Chew Daily reported.
Quoting a Bukit Aman spokesman, the report said the syndicates would either buy the ATM card and account for between RM1,000 to RM1,300 or pay a monthly “rent” to the owner for the right to use them.
Bank accounts were so in demand that it led to the rise of middlemen who would source for cards for these syndicates and earn a commission of between RM200 and RM500 for each card. A total of 26,269 individuals or “mules” were arrested during that period over allegations of illegal activities such as gambling.
> Malaysian singer Michael Wong would be returning home for Chinese New Year after being stuck in Taiwan for the past two years due to Covid-19 restrictions, Sin Chew Daily reported.
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