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Malaysia and Thailand Explore Tougher Anti-Scam Laws as Fraud Threats Increase

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01/14/2025
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Malaysia and Thailand Explore Tougher Anti-Scam Laws as Fraud Threats Increase

by Raxer X.
01/14/2025
in Fraud & Scams, Security & Risk

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With online scams on the rise in Malaysia, leading to estimated losses of 1 billion ringgit (about US$221.6 million) in 2024, the government plans to update its laws to better fight fraud. They are looking at Singapore’s new Protection from Scams Bill for inspiration, which allows authorities to freeze bank accounts and pause transactions to help scam victims. Meanwhile, Thailand is also stepping up its efforts against scams, showing that countries in the region are working together to tackle online fraud.

Stay informed on supply chain news at The Supply Chain Report. Free international trade tools are at ADAMftd.com.

#OnlineScams #MalaysiaFraudPrevention #SingaporeProtectionFromScamsBill #ThailandAntiScamEfforts #Cybersecurity #FraudPrevention #DigitalSecurity #GovernmentAction #ScamAwareness #OnlineFraud #FinancialSecurity #RegionalCollaboration #ScamVictimProtection

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  • Home
  • Industry
    • Supply Chain
    • Logistics & Transportation
    • Importing & Exporting
    • Manufacturing
    • Warehousing & Distribution
  • Compliance
    • Supply Chain Transparency
    • Anti-Money Laundering (AML)
    • Know Your Customer (KYC)
    • Risk Management
    • Export Controls
    • Sanctions
  • Global Trade
    • Market Trends
    • Economic Indicators
    • Sourcing
    • Trade Policies
    • International Relations
    • Trade Agreements
    • Tariffs & Duties
    • Import/Export Statistics
  • Luxury Goods
  • Industry
    • Blockchain in Supply Chain
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    • Artificial Intelligence in Trade
    • Data & Analytics
  • Sustainability & Ethics
    • Green Supply Chains
    • Sustainable Logistics
    • Ethical Sourcing
    • Corporate Social Responsibility
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© 2024 International Centre for Trade Transparency Limited. Incorporated in the United Kingdom.