Selangor Journal
Minister of Communications and Digital Ahmad Fahmi Mohamed Fadzil (right) during an interview with RTM’s Bicara Naratif titled ‘Building A New Narrative’ at Angkasapuri, Kuala Lumpur, on December 13, 2022. — Picture by BERNAMA

KKD, BNM to continue cooperation to curb financial fraud — Minister

KUALA LUMPUR, April 3 — The Communications and Digital Ministry (KKD) is committed to continue working together with Bank Negara Malaysia (BNM) to curb fraud in the financial sector.

“We are committed to working together to curb financial fraud. InsyaAllah, this cooperation will continue towards a safer digital landscape,” its minister Fahmi Fadzil said after his meeting with BNM governor Tan Sri Nor Shamsiah Mohd Yunus, earlier today.

He said they also discussed the county’s economic projection, especially in the digital field, during their meeting.

BNM was previously reported to have stated that it would continue its cooperation with the Royal Malaysian Police (PDRM), the Malaysian Communications and Multimedia Commission (MCMC) and the financial industry to coordinate efforts to curb financial fraud and to create better public awareness about the latest fraud tactics.

In a Facebook post,Fahmi said he is also discussing with the Association of Islamic Banking and Financial Institutions Malaysia (AIBIM) about awareness on online scams.

He said online scams are the main focus in the efforts to tackle cyber crime, since being appointed as minister in December last year.

On the efforts to curb online scams, Fahmi said they were also discussing potential cooperation between AIBIM and the ministry’s agencies, related to the field.

The most reported online scams involve e-commerce or online purchases, non-existent loans, Macau scams and love scams.

— Bernama

Top Picks

E-invoice implementation unlikely to impact auto loan market — MAA

King attends Conference of Rulers’s pre-council meeting

Govt to pursue alternative private financing to ensure sustainable water sector