A special task force under the Domestic Trade and Consumer Affairs Ministry has been studying a new licensing mechanism for online businesses to protect consumers from becoming victims of cyber scams that have become rampant.
“For the record, of the total 34,681 complaints in 2020, 11,511 were about online transactions. In 2021, of 27,469 reports received, 11,463 were related to online transactions. He said that Section 2 of the Registration of Business Act 1956 required all online business operators to be registered with the Companies Commission of Malaysia.
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