Mule Accounts – OwhYes !

Parliament passes Penal Code amendments targetting online fraud

KUALA LUMPUR: The Penal Code (Amendment) Bill 2024, aimed at amending the Penal Code (Act 574) to combat online crimes using ‘mule’ accounts for online fraud, was passed in the Dewan Rakyat on Wednesday. Dewan Rakyat Speaker Tan Sri Johari Abdul, presiding over the session, announced that the bill received majority support. The proposed amendments include two...

Company owner, director held for suspected involvement in smuggling syndicate

KUALA LUMPUR: The Malaysian Anti-Corruption Commission (MACC) has detained the owner and director of a company suspected of colluding with a cigarette and alcohol smuggling syndicate. According to sources, both individuals allegedly had roles as collectors of mule accounts to be used in paying bribes to civil servants involved in releasing containers filled with cigarettes and...

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