KUALA LUMPUR – The Securities Commission Malaysia (SC) and the Malaysian Communications and Multimedia Commission (MCMC) have signed a Memorandum of Understanding (MoU) to boost cooperation and enforcement against online scams.
SC Chairman Datuk Mohammad Faiz Azmi and MCMC Chairman Tan Sri Mohamad Salim Fateh Din signed the MoU at the SC headquarters, with Communications Minister Fahmi Fadzil and Deputy Minister Liew Chin Tong as witnesses.
“The MoU highlights the joint commitment of both parties to intensify collaboration in addressing the growing threat of online scams, as well as fraudulent and unlicensed investment schemes that misuse digital platforms and communication technologies,” said MCMC in a statement.
Mohammad Faiz emphasised that the partnership will help both agencies respond more effectively to emerging threats.
“By combining our expertise, SC and MCMC can respond more effectively to emerging threats, enhance protection and raise public awareness of financial scams and unlicensed investments,” he said.
Mohamad Salim highlighted the importance of strong coordination to create a safer digital environment.
“As scams continue to grow in scale and sophistication, strong inter-agency coordination remains crucial. This collaboration will enhance intelligence sharing, accelerate enforcement efforts, and leverage technology to detect and take down scam-related content more efficiently, reflecting a shared responsibility to protect the public and uphold trust in Malaysia’s digital ecosystem,” he said.
The initiative aligns with the expanded role of the National Scam Response Centre. MCMC noted that in 2024 and 2025, with SC’s assistance, it had blocked or suspended 328 websites, 388 Telegram accounts, and 60 phone numbers linked to scams.
The collaboration also includes using new technologies and artificial intelligence to improve detection, investigation, and enforcement.
The MoU builds on a joint coordination meeting in March 2025, which laid the groundwork for closer cooperation, including faster takedowns of scam content and adoption of new technological tools.
The agencies plan joint public awareness campaigns to educate the public on investment scams, promote responsible investing, and strengthen overall financial and digital security.– April 3, 2026