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 / 1mth

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

Malaysia / 4mth

Banks to scrap RM1 ATM withdrawal fee nationwide from July 1

Malaysia / 6mth

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

Malaysia / 9mth

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 / 11mth

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

Spotlight

Opinion

Can Najib break Madani?

World

Trump offers UFC CEO the position of Press Secretary

Malaysia

Building a great nation begins with happy families, says Anwar

Malaysia

Anwar should sack BN ministers who are not aligned with him – Muhyiddin

Malaysia

AGC rejects claims of defying King’s decree on Najib

Malaysia

Deepavali: Selangor Sultan calls on Malaysians to strengthen unity, reject hatred

Malaysia

If there were still obstacles, why accept the RM50m payment, asks Najib’s daughter

Malaysia

Where did UMNO's RM50 million payment for Najib's release come from?

By The Vibes Says

You may be interested

Malaysia

AGC rejects claims of defying King’s decree on Najib

Malaysia

Agong: Challenging Najib’s house arrest order amounts to defying royal decree

By Alfian Z.M. Tahir

Malaysia

Anwar condemns far-right extremism following deadly Poland shooting

By Alfian Z.M. Tahir

Malaysia

Abang Johari hints four incumbents will be retained for Sarawak polls

Malaysia

Ab Rauf looks to young voters to shore up BN’s Melaka election bid

By Alfian Z.M. Tahir

Malaysia

Little activity at Najib’s Langgak Duta home as house arrest remains uncertain

Malaysia

Chery denies component failure after Tiggo Cross loses wheels in NKVE crash

Malaysia

PLUS highway congested since midnight ahead of Deepavali