Local banks raise barriers to deter money mule activity

China Press headlined that the initiative to equip frontline law enforcement officers with body cameras has officially begun, with patrol police in Kuala Lumpur already receiving these devices.

Sin Chew Daily reported that to prevent more people from becoming money mules for scam syndicates, local banks have raised the requirements for opening new accounts. 

In addition to providing MyKad, applicants are now required to provide more proof of income, such as employment letters and payslips.

Nanyang Daily reported that all social media platforms are urged to label or notify users about AI-generated content in every post to prevent any unwanted incidents.

Criminal syndicates are targeting students to use their bank accounts as money mule accounts, reported Guang Ming Daily. 

The syndicate offered between RM500 and RM1,000 in exchange for their banking details and ATM cards.

This has led to students being one of the main groups among the 208,000 money mule account holders in the country.

Kwong Wah Daily headlined that the Penang Island City Council, in collaboration with the Penang Thalassaemia Society, will host a 4-kilometre “Let’s Walk Thalassaemia” event on September 8 at 7 a.m. at the Penang City Park. 

Editorial 

Sin Chew Daily said that Thailand has repeatedly experienced short-lived governments.

The excessive power of the judiciary and independent organisations has disrupted the checks and balances inherent in a democratic system, exposing its flaws, which should serve as a lesson for other countries, said the daily. 

Nanyang Daily said that if the income report for the second quarter of 2023 released by the Employees Provident Fund (EPF) is accurate, then the total revenue of RM36.7 billion in the first half of 2024, compared to RM33.19 billion in the first half of 2023, represents only a 10% increase, indicating a relatively stable growth, far from last year’s impressive 40% increase.

The daily added that should the data announced by EPF on August 6th prove accurate, it would imply that last year’s data was inaccurate.