Over 9,600 mule accounts face action as detection rises by 149pct
KUALA LUMPUR: More than 9,600 mule accounts have been targeted, while detection by financial institutions has increased by 149 per cent since the National Fraud Portal (NFP) was introduced in April 2024.
Over 9,600 mule accounts have been targeted in Malaysia, with detection rates by financial institutions rising by 149% since the National Fraud Portal (NFP) was introduced in April 2024. Prime Minister Datuk Seri Anwar Ibrahim announced that Bank Negara Malaysia (BNM) is strengthening collaboration with the National Scam Response Centre (NSRC) to improve tracing of stolen funds, identify mule accounts, and enhance information sharing with enforcement agencies.
BNM has imposed regulatory requirements on banks, digital banks, and e-wallet operators to prevent their services from being exploited for financial crimes, and financial institutions must identify suspicious transactions, report suspected mule accounts, and act immediately to prevent fund transfers.
Brief written by urgent.news from New Straits Times's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
