Scammers using shell companies, fake businesses to move their money, says CCID chief

KUALA LUMPUR: Beyond just making use of mule account holders, scammers are now setting up shell companies and fake businesses to move their ill-gotten gains.

"So far we have detected 86 shell companies and 70 dubious businesses used by scam syndicates," Comm Datuk Seri Ramli Mohamed Yoosuf told a press conference on Monday (Nov 20).