Malaysia: Securities Commission and Communications and Multimedia Commission announced joint initiative to strengthen regulatory oversight against online scams

On 1 March 2025, the Securities Commission (SC) and Communications and Multimedia Commission (MCMC) announced a joint initiative to strengthen regulatory oversight against online scams, applying to online service providers and financial sector entities. The initiative enhances enforcement, scam prevention, and regulatory cooperation, including closer collaboration with service providers for faster scam detection and content takedowns. It focuses on the use of artificial intelligence to identify fraudulent activities and public education efforts, including the Online Safety Campaign. It also aims to improve coordination in tackling fraudulent investment schemes and financial cybercrimes.