Ease of access to mule accounts turning Malaysia into a hub for money laundering

Ease of access to mule accounts turning Malaysia into a hub for money laundering

New Straits Times·2024-03-28 20:01

KUALA LUMPUR: The ease of acquiring mule accounts has made Malaysia a prime target for foreign syndicates seeking to launder their illicit funds to legitimise them.

This is the tactic of the syndicates that will transfer the proceeds of their criminal activities such as phone scams, investment fraud, online gambling, business email compromises, drug smuggling, and so on.

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