Two transnational scam syndicates allegedly involved in money laundering activities were crippled in simultaneous raids carried out in Kuala Lumpur and Johor, said police.
It was a joint operation conducted by the Commercial Affairs Department (CAD), and Commercial Crime Investigation Department (CCID) of the Royal Malaysia Police (RMP).
Since last month, the two countries have shared critical information based on findings from reported scam cases. Through close collaboration and joint investigations with CCID, the syndicates believed to be behind the money laundering cells were identified to be based in Kuala Lumpur and Johor.
On Aug 10, a team of 12 Anti-Scam Command officers from CAD, together with the Malaysian officers, conducted simultaneous raids at two apartment complexes in Kuala Lumpur and Johor. Two female and seven male Malaysians aged between 19 and 39 years were arrested for their suspected involvement in cross-border money laundering.
These scam syndicates are believed to be responsible for reports targeting more than 60 victims of investment scams, job scams, fake gambling platform scams, sexual services scams, sextortion, government official impersonation scams and loan scams reported in Singapore, involving losses amounting to more than $1.3 million.
Preliminary investigations revealed that the two syndicates are believed to have targeted Singaporean, Malaysian, Thai and Indonesian victims and laundered their criminal proceeds in…
