The trends and challenges of money mule investigation by Malaysian enforcement agency
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School of Business Innovation and Technopreneurship, Universiti Malaysia Perlis (UniMAP)
2023
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my.unimap-780932023-03-07T08:06:26Z The trends and challenges of money mule investigation by Malaysian enforcement agency Mohd Irwan, Abdul Rani Salwa, Zolkaflil Sharifah Nazatul Faiza, Syed Mustapha Nazri 2021664222@student.uitm.edu.my Accounting Research Institute, Universiti Teknologi MARA (UiTM), Malaysia Faculty of Accountancy, Universiti Teknologi MARA (UiTM), Malaysia Challenges Malaysian Enforcement Agency Money mule Trends Link to publisher's homepage at https://ijbt.unimap.edu.my This article discusses the roles played by the enforcement agency, the current money mule situation, and the challenges faced by enforcement agency investigation officers in money mule investigations. An interview with informant from one of the Malaysian Enforcement Department, was conducted to gather his insights. An enforcement officer launches a money mule investigation based on the victim’s police report or Suspicious Transaction Report (STR). Investigation into money mule cases received by law enforcement agency is guided by Penal Code 424 and AMLATFPUAA 2001, which clearly expound the offence implicated in the money mule syndicate. The output from the interview is analysed under content analysis, whereupon the large amount of extracted information is summarised and arranged into important themes that address the research objective. The major challenges faced in criminal investigation include lack of cooperation from telco, delayed response from banks when requested to provide crucial information, wrong public perceptions on enforcement agency’s aggressiveness to fight money mule, lengthy investigation procedure, limited resources and lackadaisical attitude towards money mule threat. The challenges undermine the fight to eradicate the money mule phenomenon, one of the most critical financial crime threats in Malaysia. A slew of changes that enforcement agency is keen to see are proposed, including a more proactive telco regulator, a shorter processing period by banks in responding to production orders from enforcement agencies, and a steeper involvement by the media to build public awareness. 2023-03-07T08:06:26Z 2023-03-07T08:06:26Z 2023-02 Article International Journal of Business and Technopreneurship, vol.13(1), 2023, pages 37-50 2231-7090 (printed) 2232-1543 (online) http://dspace.unimap.edu.my:80/xmlui/handle/123456789/78093 en School of Business Innovation and Technopreneurship, Universiti Malaysia Perlis (UniMAP) |
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Challenges Malaysian Enforcement Agency Money mule Trends |
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Challenges Malaysian Enforcement Agency Money mule Trends Mohd Irwan, Abdul Rani Salwa, Zolkaflil Sharifah Nazatul Faiza, Syed Mustapha Nazri The trends and challenges of money mule investigation by Malaysian enforcement agency |
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Link to publisher's homepage at https://ijbt.unimap.edu.my |
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2021664222@student.uitm.edu.my |
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2021664222@student.uitm.edu.my Mohd Irwan, Abdul Rani Salwa, Zolkaflil Sharifah Nazatul Faiza, Syed Mustapha Nazri |
format |
Article |
author |
Mohd Irwan, Abdul Rani Salwa, Zolkaflil Sharifah Nazatul Faiza, Syed Mustapha Nazri |
author_sort |
Mohd Irwan, Abdul Rani |
title |
The trends and challenges of money mule investigation by Malaysian enforcement agency |
title_short |
The trends and challenges of money mule investigation by Malaysian enforcement agency |
title_full |
The trends and challenges of money mule investigation by Malaysian enforcement agency |
title_fullStr |
The trends and challenges of money mule investigation by Malaysian enforcement agency |
title_full_unstemmed |
The trends and challenges of money mule investigation by Malaysian enforcement agency |
title_sort |
trends and challenges of money mule investigation by malaysian enforcement agency |
publisher |
School of Business Innovation and Technopreneurship, Universiti Malaysia Perlis (UniMAP) |
publishDate |
2023 |
url |
http://dspace.unimap.edu.my:80/xmlui/handle/123456789/78093 |
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1772813130687053824 |
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13.222552 |