About 95% of fraudulent online banking transactions involving mule accounts were "voluntarily" authorised by victims, making them harder for banks to detect and prevent, Deputy Finance Minister Lim Hui Yin said.<br /><br />Responding to a supplementary question from Datuk Awang Hashim (PN-Pendang) in Dewan Rakyat on Monday (Feb 17), Lim explained that this type of “authorised fraud” complicates efforts to block suspicious transactions linked to mule accounts.<br /><br />Lim also highlighted a new policy holding banks accountable for fraud victims, requiring them to compensate clients if they fail to comply with banking regulations.<br /><br />Read more at https://tinyurl.com/2mmrxpne<br /><br />WATCH MORE: https://thestartv.com/c/news<br />SUBSCRIBE: https://cutt.ly/TheStar<br />LIKE: https://fb.com/TheStarOnline
