The Memorandum of Understanding (MoU) was signed by the SC Chairman Dato’ Mohammad Faiz Azmi and MCMC Chairman Tan Sri Mohamad Salim Fateh Din at the SC. The signing was witnessed by Communications Minister, YB Datuk Fahmi Fadzil and Deputy Minister of Finance, YB Tuan Liew Chin Tong.

The MoU highlights the mutual commitment of both parties to intensify cooperation in addressing the growing threat of online scams as well as fraudulent and unlicensed investment schemes that exploit digital platforms and communication technologies.

The collaboration also includes leveraging emerging technologies and artificial intelligence-driven solutions to enhance detection, investigation and enforcement efficiency.

This collaboration aligns with the expanded remit of the National Scam Response Centre, further underscoring the joint commitment to safeguarding the public from digital-investment scams and online fraud.

In 2024 and 2025, the SC with the assistance of MCMC have blocked or suspended 328 websites, 388 Telegram accounts and 60 telephone numbers.

Dato’ Mohammad Faiz said the MoU underscores the SC’s dedication to protecting investor interests and maintaining market integrity.

“This MoU is a key step in strengthening efforts to protect retail investors and the larger public from scams. By combining our expertise, the SC and MCMC can respond more effectively to emerging threats, enhance safeguards, and raise public awareness against financial fraud and unlicensed investments,” he said.

MCMC emphasised the importance of operational collaboration in ensuring a safer digital environment, noting that the MoU reflects its continued commitment to safeguarding Malaysians in the digital space. As online scams continue to evolve in scale and sophistication, strong inter-agency coordination remains critical. This partnership will strengthen intelligence sharing, accelerate enforcement efforts, and leverage technology to detect and remove scam-related content more efficiently, reflecting a shared responsibility to protect the public and uphold trust in Malaysia’s digital ecosystem.

This partnership is a continuation of the first collaboration meeting between the two bodies held in March 2025. Following this, various engagements were held, paving the way for enhanced scam mitigation efforts including faster removal of scam-related pages and content and the exploration of new technological tools.

Other areas of collaboration include strengthening cooperation in intelligence sharing, developing Standard Operating Procedures and capacity building on coordinated investigations and enforcement protocols.

The public can also look forward to joint public education initiatives that offer insights and awareness on investment scams, responsible investing, financial security and digital safety.