By OUT-LAW.COM

Posted in IT Channel, 23rd July 2010 09:21 GMT

UK consumers still need to be educated about online shopping to prevent them falling victim to scams and problems, consumer protection regulator the Office of Fair Trading (OFT) has said.

The OFT has published plans to improve the protections available for consumers when they are shopping online. It does not recommend the creation of new laws or regulations, but has said that consumers must be better educated, that government guidance for companies must be improved, and that companies and enforcement agencies should work more closely together.

Sarah Coles
Jul 12th 2010 at 5:00AM

Filed under: Fraud , Technology and Online
Latest fraud figures reveal that we're at more risk of being conned than ever. So far this year alone there have been 15,000 reported victims of fraud in the UK. We lose an estimated £3.5 billion a year through scams.

So what are the biggest risks, and what can we do about it?

Wednesday July 28, 2010

By TEE LIN SAY
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KUALA LUMPUR: Bank Negara is seeking to arrest five individuals who are suspected of operating get-rich-quick schemes.

The five individuals are Dahlan David bin Abdullah, Ramunatul Aida binti Rahmat, Abd Halim bin Rafii, Abdul Halim bin Che Ismail and Harun bin Mat Saat. They are all believed to have commited crimes involved in illegal deposit taking and money laundering.

2010/07/27

A TOTAL of RM500.8 million has been withdrawn from the Employees Provident Fund (EPF) under the fund's health withdrawal scheme.
Prime Minister Datuk Seri Najib Razak said since the scheme was introduced in 1994, 93,914 members have withdrawn from their Account 2 for the scheme.

In a written reply to Senator Zamri Yusof, Najib said that 71 per cent of them who withdrew were those with a monthly income of less than RM2,500, while 17 per cent comprised of those in the RM2,500 to RM4,999 income bracket.

Published: Tuesday July 27, 2010 MYT 11:39:00 AM

KUALA LUMPUR: A comparative reduction in the number of cheating cases involving direct sales in the first five months of this year has been attributed to firm action by the Domestic Trade, Cooperatives and Consumerism Ministry.

The ministry's senior director of the Domestic Trade Division, Datuk Ismail Ahmad, said there were only 14 cases with RM330,173 worth of seizures between January and May this year, compared with almost 30 cases during the corresponding period last year.