Malaysia

Govt to thwart fraudsters by introducing new online business licences

Consumers will be able to purchase online without worrying about being scammed, says deputy minister

Updated 5 years ago · Published on 18 Mar 2021 5:12PM

Govt to thwart fraudsters by introducing new online business licences
Domestic Trade and Consumer Affairs Deputy Minister Datuk Rosol Wahid says that based on ministry records, the number of complaints on online transactions last year showed an increase of 11,510 complaints compared with 5,414 in 2019. – Bernama pic, March 18, 2021

PUTRAJAYA – The Domestic Trade and Consumer Affairs Ministry plans to introduce a special online business licence as a measure to protect consumers from becoming victims of scammers or online fraud.

Deputy Minister Datuk Rosol Wahid said through the licence, sellers would be subject to conditions, while consumers would be able to make online purchases without worrying about the legitimacy and reputation of the traders.

Rosol said the special licence would be enforced after amendments are made to the Consumer Protection (Electronic Commerce Transactions) Regulations 2012 under the Consumer Protection Act 1999.

“This special online business licence will be an effective measure to combat scammers. We will try to enforce this licence immediately,” he told reporters after attending the Consumers’ Choice Awards here today.

Based on ministry records, he said, the number of complaints on online transactions last year showed an increase of 11,510 complaints compared with 5,414 in 2019.

Rosol said the risk of fraudulent online transactions can be avoided by checking the seller’s bank account number before making any money transfer.

For example, he said the Royal Malaysia Police Commercial Crime Investigation Department has a website and app known as “Semak Mule CCID” for users to make initial checks on the seller’s bank account or telephone number.

Meanwhile, Rosol said the National Consumer Action Council was also developing a mobile app called “idenfic” to enable users to identify and report fraudulent accounts via a few simple steps.

“The app will record user reports against the scammer’s bank account so that other users can be informed of the case and avoid being scammed through the same account.

“At the same time, this app will also be able to verify authentic, reliable and reputable sellers, as well as increase the confidence of potential buyers,” he said. – Bernama, March 18, 2021

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