Finance Ministry: 22,000 scam cases, RM147m in losses reported to National Scam Response Centre as at September 2024

KUALA LUMPUR, Dec 19 — An estimated 22,000 cases of scams involving losses of over RM147 million as at September 2024 were reported by the victims to the National Scam Response Centre (NSRC), said the Ministry of Finance (MoF)

In a written response to the Dewan Negara dated December 18, the MoF said the NSRC received 64,000 calls, including case reports from scam victims and advisory services to the general public.

“Based on the reports, over 43,000 suspected mule accounts were identified for action from financial institutions to block multiple layers of transactions used to hide illicit funds,” it said.

The ministry was responding to Senator Manolan Mohamad’s question regarding the number of scam cases that were detected and blocked with the establishment of the National Fraud Portal (NFP).

It said the NFP was established to strengthen the NSRC in tracking and freezing funds.

“Since its launch in April 2024 until September 2024, the NFP has successfully reduced the time required to trace funds by 75 per cent and increased the amount of frozen funds by 34 per cent compared with the monthly average before the portal’s launch,” the MoF added. — Bernama