Stern action expected of central bank


THE recent discovery of an organised crime syndicate linked to the disappearance of RM24.2mil from several bank accounts has called to attention the need to enhance banking systems in order to detect and prevent such crimes from happening.

It appears that the banks are being outsmarted by crime syndicates, which effectively means that the safeguards in place at present to prevent such financial crimes are not adequate.

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Banking , crime

   

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