Five major banks Malysia are being scrutinized by the Malaysian Anti Corruption Commission's radar for being used by international scammers to dupe victims, who transacted up to 1 million ringgita – that’s about $140,000 in U.S. dollars -- a day after being conned.
The New Straits Times reported that at least 20 employees of the banks - including auditors and frontline officers, had facilitated such syndicates to open accounts without any hassle.
These accounts were then used by the scammers to collect cash deposited by victims who had been fleeced.
In total, bank employees had led to scammers steal millions within just three months.
In return, the bankers pocketed between $420 for each bank account that was successfully opened.