Bukit Aman: Banks urged to be aware of transfers made to suspected mule accounts

Bukit Aman Commercial Crimes Investigation Department director Datuk Seri Ramli Mohamed Yoosuf said they discovered that investment scams involving company accounts being used as mule accounts to be on the rise and advised banks to know their customers, and of all banking transactions as well as how transactions can be made.

“The company name is fancy, it’s so easy to open an account till the money is channelled in and it turns into a mule account,” he said at a special media conference at KPJ Tower here today.Ramli shared a case where that the police received a report lodged in Petaling Jaya, Selangor on May 6 by a businessman who was cheated by an online investment scam and suffered losses of RM1.73 million.

In a separate case, a woman, 63, suffered losses of RM1.2 million after she claimed to have fallen victim to a forex investment scam, Ramli said, adding that the victim, who did freelance work, had clicked a forex investment class ad on Facebook in January and dealt with an individual claiming to be the forex investment head of Warburg Pincus Singapore.

Source: News Formal (newsformal.com)

Bank Transfers Banks Bukit Aman Ramli Mohamed Yoosuf Investment Scams

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