Deputy finance minister: RM24.3m frozen from accounts suspected of being involved in financial fraud

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KUALA LUMPUR, March 9 — The authorities have frozen a total of RM24.3 million from accounts suspected of being used for money laundering activities, including those involving...

KUALA LUMPUR, March 9 — The authorities have frozen a total of RM24.3 million from accounts suspected of being used for money laundering activities, including those involving online scams.

Deputy Finance Minister Steven Sim Chee Keong said they are based on complaints received by the National Scam Response Centre on financial fraud activity. “Since the NSRC started operating on Oct 12, 2022 until Jan 31, a total of 16,752 complaints were received, including various cases of fraud and calls related to advisory services on scam issues,” he said during the question and answer session at Dewan Rakyat today.Sim said that based on the complaints received by NSRC, police have opened 751 investigation papers on cheating offences under Section 420 of the Penal Code.

Another 24 investigation papers were opened under the Anti-Money Laundering and Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001, he added. — Bernama

 

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