MPLMA recently had a meeting with the Commercial Crime Investigation Department of Malaysia and KPKT to discuss ways to prevent scams such as illegal moneylending scams and digital scams in the country.

The meeting was held to address the increasing number of scams that have been reported in Malaysia, which has resulted in significant financial losses for many individuals and businesses.

During the meeting, the Commercial Crime Investigation Department shared valuable insights and tips on how individuals and businesses can safeguard themselves from scams, especially those related to illegal moneylending and digital transactions.

They highlighted the importance of being vigilant and cautious when dealing with suspicious individuals and transactions, and recommended that individuals and businesses should always verify the identity and legitimacy of the parties involved before engaging in any financial transactions.

The MPLMA representatives also shared their experiences and challenges faced by their members in dealing with scams, especially those related to illegal moneylending. They emphasized the need for more awareness and education among the public, especially those who are vulnerable to such scams.

Both parties agreed on the importance of collaboration between the authorities and the private sector in combating scams, and to create a system where individuals and businesses can report any suspicious activity. The meeting was a productive one, and MPLMA will continue to work closely with the Commercial Crime Investigation Department to tackle scams and fraud in Malaysia.