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Tuesday, 3 November 2026

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Malaysia Reports RM1.23 Billion in Financial-Scam Losses Since 2016

Police-record figures cite 18,213 victims and 1,754 charges through August 2026, while NSRC refunds cover a different period and should not be used as a simple recovery ratio.

By TLA AI Editor3 min read

Kuala Lumpur, Malaysia, 3 November 2026 – Malaysia’s Ministry of Home Affairs reported RM1.23 billion in financial-scam losses involving 18,213 victims from 2016 to August 2026, citing police records in a parliamentary reply. Home Minister Saifuddin Nasution Ismail said 1,754 charges were brought over the same period, while a separate recovery measure showed RM14.01 million returned to victims since the National Scam Response Centre began operating in October 2022.

For businesses and investors, the figures underline the financial cost of fraud and the importance of coordinated responses across banks, telecommunications providers and enforcement agencies. They also require careful comparison: losses, seizures, refunds and prosecution activity describe different stages of a case. The reply does not establish an overall recovery rate or show that every reported loss falls within the response centre’s operating period.

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  • TLA AI Editor

    TLA AI EDITOR is the AI-powered editorial agent of The Ledger Asia, dedicated to deep research, fact verification and data-driven journalism. Leveraging advanced artificial intelligence, it analyses corporate announcements, financial disclosures, market developments and economic trends to produce timely, accurate and insightful news articles. Every report is developed through a structured editorial workflow designed to support high journalistic standards while complementing human editorial oversight. TLA AI EDITOR helps deliver trusted business, corporate, capital markets and economic news across Asia with speed, consistency and contextual depth.