Malaysia's banking industry widens efforts against scams

The banking industry in Malaysia has continued its efforts to combat and educate consumers regarding scams by launching the National Scam Awareness Campaign (NSAC) in conjunction with the Financial Literacy Month 2022 (FLM2022) exhibition. The campaign, supported by Bank Negara Malaysia (BNM), is jointly organised by the Association of Banks in Malaysia (ABM), Association of Islamic Banking and Financial Institutions Malaysia (AIBIM) and the Association of Development Finance Institutions Malaysia (ADFIM). BNM deputy governor Datuk Marzunisham Omar said the public can expect to see more prominent scam awareness advertisements, messages and prompts on banks’ own channels as well as mainstream and social media. Marzunisham said that BNM’s priority is to ensure that banking and payment channels remain safe and secure.