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.
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