Bank Negara, PayNet Launch National Fraud Portal
Bank Negara Malaysia (BNM), Payments Network Malaysia Sdn. Bhd. (PayNet) have officially launched the National Fraud Portal (NFP) yesterday.
BNM, PayNet and 16 other financial institutions have launched the NFP as an integrated platform to strengthen the operational capabilities of the National Scam Response Centre (NSRC).
NFP automates end-to-end processing of scam reports
Minister of Finance II YB Senator Datuk Seri Amir Hamzah Azizan presided over the launch held yesterday.
“Ensuring a secure and safeguarded digital future is crucial in elevating our nation’s status and competitiveness as envisioned under the Ekonomi MADANI framework,” said Minister of Finance II YB Senator Datuk Seri Amir Hamzah Azizan at the launch.
The NFP integrated platform offers:
- Automated fund tracing and recovery – financial institutions can swiftly track stolen funds across the entire financial system through automated tracing. It prevents further transfers and increases the prospect of fund recovery.
- Effective industry-wide information sharing and collaboration – for financial institutions to share information and intelligence on fraud incidences.
- Data-driven mule assessments – NFP is supported by credible data on mule accounts that will facilitate better identification, assessment and monitoring of mules.
“With the NFP, the NSRC operations is now equipped with an end-to-end automated process from managing fraud reports, validating and tracing stolen funds, to sharing alerts among financial institutions to trigger prompt action,” BNM Governor Dato’ Seri Abdul Rasheed Ghaffour announced at the launch.
#JanganKenaScam updates
Members of the public can follow the Amaran Scam Facebook page (facebook.com/amaranpenipuan) to stay vigilant. They can also get the latest updates from the #JanganKenaScam website (jangankenascam.com).
Those who have fallen victim to a scam should immediately contact their financial institutions or the NSRC at 997.
