Malaysia

Rais urges TH, intermediary banks to tighten withdrawal security after online fraud

Dewan Negara president says he was informed total losses amount to almost RM2 mil

Updated 3 years ago · Published on 25 Jan 2023 8:48PM

Rais urges TH, intermediary banks to tighten withdrawal security after online fraud
Dewan Negara president Tan Sri Dr Rais Yatim has urged Tabung Haji and intermediary banks to improve the security aspects of online banking, apart from tightening the conditions for online withdrawals, following fraud cases totalling to almost RM2 million in losses. – Bernama pic, January 25, 2023

KUALA LUMPUR – Tabung Haji (TH) and intermediary banks have been urged to improve the security aspects of online banking, apart from tightening the conditions for online withdrawals, following fraud where pilgrimage funds linked to conventional bank accounts of victims have been targeted.

Dewan Negara president Tan Sri Dr Rais Yatim in a statement today said the move would be in line with the measures implemented by Permodalan Nasional Bhd (PNB) for dealings in Amanah Saham Bumiputera.

He said this was among the matters decided in the joint meeting between the Select Committee on the People's Wellbeing and TH chaired by him today.

Rais said TH had informed during the meeting that the total amount of losses incurred due to scammers involving the pilgrimage fund so far amounted to RM1,961,430 through various banking institutions.

He said the meeting also decided that the intermediary banks should prepare a report on the reimbursements given to victims of fraud, especially those related to TH, so that the issue could be monitored.

“(The meeting) decided that all the actions and decisions of this committee meeting should be proposed in the next Dewan Negara session so that the issues and problems faced by the people receive due attention,” he said.

He said the meeting was held out of a sense of responsibility of the Senate – especially the select committee – to complaints of online fraud by the community, in particular those related to TH.

“It is suggested that responsibility should be taken by banks that act as intermediaries in TH affairs because savings withdrawals are done using conventional banking mediums and not through TH itself,” he added.

Among the other committee members present at the meeting were Senate deputy president Senator Datuk Seri Dr Mohamad Ali Mohamad, Senator Datuk Ras Adiba Radzi, Senator Datuk Paul Igai, Senator Datuk Dr Ahmad Azam Hamzah, Senator Muhammad Zahid Md Arip and Senator Datuk Seri Zurainah Musa.

TH, meanwhile, was represented by its chief executive officer Datuk Seri Ambrin Awaluddin, operations executive director Mohamed Ameen Abdul Wahab, corporate communications general manager Ahmad Shahriman Johari and senior manager Affandi Abdullah. – Bernama, January 25, 2023

Related News

Malaysia / 2w

Oct 23 ruling on bid to restrain bank from closing Maritime Network accounts

Malaysia / 3mth

Banks to scrap RM1 ATM withdrawal fee nationwide from July 1

Malaysia / 5mth

RM19.5 million transaction to Bersatu was not illegal – Witness

Malaysia / 8mth

Ex-Army chief Hafizuddeain hit with two more money laundering charges

Business / 10mth

Court orders RHB Bank to disclose MDD guidelines to Maritime Network within 45 days

Malaysia / 10mth

Bank apologises after homeless man sprayed with water, kicked outside its branch

Spotlight

Malaysia

Haze: Schools in Johor, Melaka, and Negeri Sembilan to close tomorrow

Malaysia

Tun Mahathir’s health improves, but not ready to leave hospital

Malaysia

LPT3 row puts Kelantan’s infrastructure priorities under scrutiny

Malaysia

Terengganu royal family member sues two banks over RM1.99m missing from savings

Malaysia

Irene Sofiya murder probe referred to Johor prosecutors for review

Malaysia

Teacher denies negligence charges over fatal school SUV crash in Kota Bharu

Malaysia

Sulaiman Md Ali opts out of Melaka polls, will not defend Lendu

You may be interested

Malaysia

Johor police probe Molotov cocktail attack on Rohingya settlement amid viral video tensions

Malaysia

Tuanku Muhriz to focus on state affairs; Will not attend Conference of Rulers meeting

Malaysia

Foreign spouses do not automatically qualify as Bumiputera, says Saifuddin

By Alfian Z.M. Tahir

Malaysia

Teenager, 14, feared killed by lightning while fishing in Kelantan

Malaysia

Students can express views or criticism without fear of prosecution - PM Anwar

Malaysia

Driver monitoring aims to stop commercial vehicle crashes before they happen

Malaysia

Nepal flood disaster: Families of 54 missing Malaysians seek debt freeze as legal limbo deepens

Malaysia

Govt to push ASEAN for stronger action on transboundary haze as schools shut across four states