Law clamping down on mule accounts a positive development, says Bukit Aman CCID director

Mule Accounts News

Law clamping down on mule accounts a positive development, says Bukit Aman CCID director
Ramli Mohamed YoosufCCIDBukit Aman
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(Reuters) - Canada head coach Jesse Marsch criticised the treatment North American sides have received at Copa America, claiming his team has been treated like second-class citizens.

KUALA LUMPUR: The passing of amendments to the law with the aim of clamping down on the use of mule accounts for illegal activities is a positive measure towards effective enforcement on scam cases, says Comm Datuk Seri Ramli Mohamed Yoosuf .

"We welcome the development as previously there is no specific legislation to punish culprits involved with mule accounts. Comm Ramli said under the amendments, several new sections – 424A, 424B, 424C and 424D – were included under the Penal Code for offences related to payment instruments or accounts at financial institutions.

"Those found guilty could face a fine of between RM5,000 and RM50,000, imprisonment of between six months and five years, or both upon conviction," he said.

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Ramli Mohamed Yoosuf CCID Bukit Aman Amendments Law Scam

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