BNM’s National Fraud Portal Can Now Trace Stolen Funds in 30 Minutes

Quick Summary:

The National Fraud Portal (NFP) has significantly reduced the time required to trace stolen funds, slashing it by 75% to just 30 minutes, as shared by Deputy Finance Minister Lim Hui Ying.

Since its launch in April 2024, the portal has also contributed to a 28% rise in the amount of frozen illicit funds, according [...]

The post BNM’s National Fraud Portal Can Now Trace Stolen Funds in 30 Minutes appeared first on Fintech News Malaysia.

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Article Details

Category: StartupsBusinessTechnology

Markets: Malaysia

Topics: Security PayNet Big Data Bank Negara Malaysia (BNM)

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-23 @ 08:34:51 (5 days ago)

News Timezone: GMT +8:00

News Source URL: fintechnews.my

Language: English

Article Length: 284 words

Reading Time: 2 minutes read

Sentences: 10 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fintech News Malaysia

News ID: 23295263

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About Fintech News Malaysia

Main Topics: StartupsBusinessTechnology

Official Website: fintechnews.my

Year Established: 2017

Headquarters: Malaysia

News Last Updated: 6 days ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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Publisher ID: #74

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