News
Budget 2024: RM20 Million Allocated to Battle Scams & Speed up Process to Return Scammed Money
PM Dato Seri Anwar Ibrahim has tabled the Budget 2024 in the parliament today (October 13).
Anwar announced that a total of RM20 million will be allocated to battle scam syndicates. Last year, the National Scam Response Centre (NRSC) handled more than 49,000 calls and managed to freeze up to RM60 million worth of transactions.
The budget allocation is also expected to increase NRSC’s effectiveness in battling scam syndicates.
Additionally, Bank Negara Malaysia is in the midst of launching the National Fraud Portal (NFP) which is expected to be completed later this year. The portal is expected to trace and return the scammed money.
Stay tuned for more updates!
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