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The trends and challenges of money mule investigation by Malaysian enforcement agency

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Main Authors: Mohd Irwan, Abdul Rani, Salwa, Zolkaflil, Sharifah Nazatul Faiza, Syed Mustapha Nazri
Other Authors: 2021664222@student.uitm.edu.my
Format: Article
Language:English
Published: School of Business Innovation and Technopreneurship, Universiti Malaysia Perlis (UniMAP) 2023
Subjects:
Challenges
Malaysian Enforcement Agency
Money mule
Trends
Online Access:http://dspace.unimap.edu.my:80/xmlui/handle/123456789/78093
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spelling 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)
institution Universiti Malaysia Perlis
building UniMAP Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Malaysia Perlis
content_source UniMAP Library Digital Repository
url_provider http://dspace.unimap.edu.my/
language English
topic Challenges
Malaysian Enforcement Agency
Money mule
Trends
spellingShingle 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
description Link to publisher's homepage at https://ijbt.unimap.edu.my
author2 2021664222@student.uitm.edu.my
author_facet 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
_version_ 1772813130687053824
score 13.214268

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