The Master in Forensic Accounting & Financial Criminology students organised a student Forum to discuss a topic entitled "Get Rich Quick Scheme: Lessons Learned". In many cases, companies involved in such illegal deposit taking schemes are not registered with either the Central Bank of Malaysia (BNM) or the Companies Commission of Malaysia (CCM), hence they could not be prosecuted for violating these respective Acts.
Usually cases involving
Get Rich Quick Scheme is aptly considered under the Anti Money Laundering and Anti Terrorism Financing Act (AMLATFA 2001). The four students: Hafiz was representing the banking institutions; Faizah was representing the government Sector; Sharina was representing the professionals group and Amran was representing the private sector/industry.
The forum was moderated by Sulie. The students were engaged in some very useful discussions on the topic. A reminder to all: if you are being offered some unreasonable return within a short period of time without having to consider risk, you are involved with this "get Rich Quick Scheme" and your case can be considered under AMLATFA. AMLATFA jurisdiction is very severe, charges are based on transaction... beware.
Usually cases involving Get Rich Quick Scheme is aptly considered under the Anti Money Laundering and Anti Terrorism Financing Act (AMLATFA 2001). The four students: Hafiz was representing the banking institutions; Faizah was representing the government Sector; Sharina was representing the professionals group and Amran was representing the private sector/industry. 
The forum was moderated by Sulie. The students were engaged in some very useful discussions on the topic. A reminder to all: if you are being offered some unreasonable return within a short period of time without having to consider risk, you are involved with this "get Rich Quick Scheme" and your case can be considered under AMLATFA. AMLATFA jurisdiction is very severe, charges are based on transaction... beware.
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