Home Minister Datuk Seri Saifuddin Nasution Ismail said that the syndicates employ a tactic of breaking down transactions into small amounts, such as RM1,000 to RM3,000. "In just three to 10 minutes, the majority of the money is moved across several different layers of accounts. Saifuddin Nasution noted that 35,322 complaint calls were received as of last January, with a total of RM1.44 million successfully seized through early freezing actions. Saifuddin Nasution added that throughout 2025, the NSRC recorded significant achievements in protecting the interests of online financial scam victims. The centre handled 146,167 complaint calls last year and implemented freezing actions on 138,915 involved accounts.

Source: The Edge Markets March 03, 2026 09:40 UTC