PETALING JAYA: Banks are already doing what they can to make it difficult for scammers who cheat people by using fund transfer, say regulatory authorities.
Such an example includes introducing the “kill switch”, a digital facility for victims to freeze their accounts to prevent any movement of funds as an immediate measure to thwart scammers if the victims suspect they are being taken for a ride, said Bank Negara Malaysia (BNM) as well as the Malaysian Communications and Multimedia Commission (MCMC).
