Should Malaysia Amp Up Its Law to Combat Financial Scam?
In Malaysia, financial scams are on the rise, victimising thousands of people year on year. Strengthening laws with stricter penalties and better oversight is crucial to safeguard the public . However, the efficacy of these laws depends on regulatory capacity and public cooperation. How feasible are these laws in curbing financial scams?
Best Debater, selected by judges
Sarah Farhana Binti Basheer Ahamed
19 years old
Was held in Metaverse (Spatial)
The first session of the Youth Parliamentary Debathon 2024 will be discussing the topic of “Should Malaysia Amp Up its Laws Against Financial Scams?”
In Malaysia, financial scams are on the rise, victimizing many seeking investments. Strengthening laws with stricter penalties and better oversight is crucial to safeguard users and raise awareness. However, the feasibility of enforcing these laws depends on regulatory capacity and public cooperation. What is the feasibility of enforcing this law?