Latest news with #MohammadFaiz
The Star
9 hours ago
- Business
- The Star
SC adds 59 entities to investor alert list in 1Q
KUANTAN: The Securities Commission Malaysia (SC) added 59 names to its Investor Alert List in the first quarter (1Q) of this year, said chairman Datuk Mohammad Faiz Azmi. He said this move is part of ongoing efforts to combat the increasingly rampant scams, alongside blocking fraudulent websites and social media pages. "In 2024, we added 273 names to the Alert List, and in the 1Q this year, we added another 59,' he said during his opening remarks at the launch of the Bersama InvestSmart@Pahang 2025 programme. The event was officiated by Pahang Investment, Industrial Development, Science, Technology and Innovation Committee chairman Datuk Mohamad Nizar Mohamad Najib. Mohammad Faiz added that the SC also collaborates closely with the Malaysian Communications and Multimedia Commission (MCMC) to block these deceptive sites. "Last year, we blocked 153 websites and 261 social media pages. In the 1Q, we blocked 29 websites and 91 social media pages. These numbers show how much illicit activity we are fighting daily,' he said. As of May 2025, he said, the SC had received 1,218 complaints and enquiries about scams. Mohammad Faiz also reminded the public to be cautious of scams that claim to be Shariah‑compliant, using religious sentiment to gain trust. Bersama InvestSmart@Pahang 2025 is a three‑day programme starting today, bringing together government officials, capital market industry players, and regulators under one roof as part of the SC's investor outreach initiative. More than 40 exhibitors are participating in the event, themed "Bijak Labur, Hidup Makmur'. - Bernama
The Sun
10 hours ago
- Business
- The Sun
SC adds 59 entities to investor alert list in Q1
KUANTAN: The Securities Commission Malaysia (SC) added 59 names to its Investor Alert List in the first quarter (1Q) of this year, said chairman Datuk Mohammad Faiz Azmi. He said this move is part of ongoing efforts to combat the increasingly rampant scams, alongside blocking fraudulent websites and social media pages. 'In 2024, we added 273 names to the Alert List, and in the 1Q this year, we added another 59,' he said during his opening remarks at the launch of the Bersama InvestSmart@Pahang 2025 programme. The event was officiated by Pahang Investment, Industrial Development, Science, Technology and Innovation Committee chairman Datuk Mohamad Nizar Mohamad Najib. Mohammad Faiz added that the SC also collaborates closely with the Malaysian Communications and Multimedia Commission (MCMC) to block these deceptive sites. 'Last year, we blocked 153 websites and 261 social media pages. In the 1Q, we blocked 29 websites and 91 social media pages. These numbers show how much illicit activity we are fighting daily,' he said. As of May 2025, he said, the SC had received 1,218 complaints and enquiries about scams. Mohammad Faiz also reminded the public to be cautious of scams that claim to be Shariah‑compliant, using religious sentiment to gain trust. Bersama InvestSmart@Pahang 2025 is a three‑day programme starting today, bringing together government officials, capital market industry players, and regulators under one roof as part of the SC's investor outreach initiative. More than 40 exhibitors are participating in the event, themed 'Bijak Labur, Hidup Makmur'.
The Sun
10 hours ago
- Business
- The Sun
SC adds 59 scam names to alert list in Q1 2025
KUANTAN: The Securities Commission Malaysia (SC) added 59 names to its Investor Alert List in the first quarter (1Q) of this year, said chairman Datuk Mohammad Faiz Azmi. He said this move is part of ongoing efforts to combat the increasingly rampant scams, alongside blocking fraudulent websites and social media pages. 'In 2024, we added 273 names to the Alert List, and in the 1Q this year, we added another 59,' he said during his opening remarks at the launch of the Bersama InvestSmart@Pahang 2025 programme. The event was officiated by Pahang Investment, Industrial Development, Science, Technology and Innovation Committee chairman Datuk Mohamad Nizar Mohamad Najib. Mohammad Faiz added that the SC also collaborates closely with the Malaysian Communications and Multimedia Commission (MCMC) to block these deceptive sites. 'Last year, we blocked 153 websites and 261 social media pages. In the 1Q, we blocked 29 websites and 91 social media pages. These numbers show how much illicit activity we are fighting daily,' he said. As of May 2025, he said, the SC had received 1,218 complaints and enquiries about scams. Mohammad Faiz also reminded the public to be cautious of scams that claim to be Shariah‑compliant, using religious sentiment to gain trust. Bersama InvestSmart@Pahang 2025 is a three‑day programme starting today, bringing together government officials, capital market industry players, and regulators under one roof as part of the SC's investor outreach initiative. More than 40 exhibitors are participating in the event, themed 'Bijak Labur, Hidup Makmur'.
Malay Mail
11 hours ago
- Business
- Malay Mail
Securities Commission intensifies crackdown on scams, adds 59 to investor alert list in just the first quarter of 2025
KUANTAN, June 20 — The Securities Commission Malaysia (SC) added 59 names to its Investor Alert List in the first quarter (1Q) of this year, said chairman Datuk Mohammad Faiz Azmi. He said this move is part of ongoing efforts to combat the increasingly rampant scams, alongside blocking fraudulent websites and social media pages. 'In 2024, we added 273 names to the Alert List, and in the 1Q this year, we added another 59,' he said during his opening remarks at the launch of the Bersama InvestSmart@Pahang 2025 programme. The event was officiated by Pahang Investment, Industrial Development, Science, Technology and Innovation Committee chairman Datuk Mohamad Nizar Mohamad Najib. Mohammad Faiz added that the SC also collaborates closely with the Malaysian Communications and Multimedia Commission (MCMC) to block these deceptive sites. 'Last year, we blocked 153 websites and 261 social media pages. In the 1Q, we blocked 29 websites and 91 social media pages. These numbers show how much illicit activity we are fighting daily,' he said. As of May 2025, he said, the SC had received 1,218 complaints and enquiries about scams. Mohammad Faiz also reminded the public to be cautious of scams that claim to be Shariah compliant, using religious sentiment to gain trust. Bersama InvestSmart@Pahang 2025 is a three day programme starting today, bringing together government officials, capital market industry players, and regulators under one roof as part of the SC's investor outreach initiative. More than 40 exhibitors are participating in the event, themed 'Bijak Labur, Hidup Makmur'. — Bernama
The Star
15-05-2025
- Business
- The Star
SC signs agreement to strengthen market integrity
Securities Commission chairman Datuk Mohammad Faiz Azmi. KUALA LUMPUR: The Securities Commission (SC) has signed the International Organisation of Securities Commissions' (Iosco) enhanced multilateral memorandum of understanding concerning consultation and cooperation and the exchange of information (EMMoU), highlighting its commitment towards maintaining market integrity and safeguarding investor interests. SC chairman Datuk Mohammad Faiz Azmi said the EMMoU also demonstrated the SC's unwavering support regarding international enforcement cooperation. 'This is very timely as the increasingly interconnected nature of global financial markets necessitates international cooperation to address issues such as securities fraud,' he said in a statement. The signing ceremony was held in conjunction with Iosco's annual meeting where the SC, the Capital Markets Authority, Kenya and Comisión Nacional del Mercado de Valores or CNMV, Spain joined the 27 Iosco members who are already signatories of the EMMoU. The EMMoU allows its signatories to avail themselves of the latest forms of cross-border assistance to increase the effectiveness of investigation and enforcement. Mohammad Faiz signed the EMMoU during the last day of the meeting from May 12-14 in Doha, Qatar. — Bernama
