Kuala Lumpur, Malaysia — YB Fahmi Fadzil witnessed the signing of a Memorandum of Understanding (MoU) between the Malaysian Communications and Multimedia Commission and the Securities Commission Malaysia to enhance joint efforts in tackling online fraud and illegal investment schemes.
The MoU was signed by MCMC Chairman Mohamad Salim Fateh Din and SC Chairman Mohammad Faiz Azmi, and witnessed by Fahmi alongside Deputy Finance Minister Liew Chin Tong.
YB Fahmi said the collaboration marks a significant step in strengthening enforcement capabilities through closer intelligence sharing and the use of advanced technologies, including artificial intelligence (AI), to more effectively detect and remove fraudulent content online.
He noted that between 2024 and 2025, the Securities Commission, with the support of MCMC, successfully blocked 328 websites, 388 Telegram accounts, and 60 phone numbers linked to scams.
“This joint effort reflects our commitment to act swiftly and decisively against increasingly sophisticated scam tactics that threaten public trust and financial security,” he said.
The initiative will also be reinforced through the expanded role of the National Scam Response Centre, alongside intensified public awareness programmes aimed at educating Malaysians on identifying and avoiding online fraud.
Fahmi added that the government remains dedicated to safeguarding the digital ecosystem and ensuring stronger protection for the public against financial scams.
–Minutes MY / Igneseous Noris
–Photo: FB Fahmi Fadzil
