Rosol said enforcement personnel will come down hard on online scammers using the full brunt of existing laws. — Bernama pic
By Soo Wern Jun
Monday, 26 Sep 2022 10:17 AM MYT
KUALA LUMPUR, Sept 26 — The Domestic Trade and Consumer Affairs Ministry is mulling a special licence for online businesses to protect consumers from scams.
Its deputy minister Datuk Rosol Wahid said the government is looking at a comprehensive law to bring online businesses under control after cyber-fraud reports hit an all-time high.
“Online business and digital transactions are becoming a trend. It is important to ensure digital transactions and online businesses on platforms such as marketplaces, social media, websites and shopping apps are conducive and safe besides being user-friendly.
“We also plan to amend existing regulations to allow for the new licensing mechanism,” The Star reported him as saying.
Rosol said the ministry will study models used by countries such as the United States, China, Singapore and Saudi Arabia to monitor online businesses.
“The ministry is engaging online platform providers, consumer and seller associations, academicians and economists to ensure that every aspect, including consumer and seller protection and enforcement, can be effectively carried out,” he said, indicating that the proposal for the special licence had so far received positive feedback.
He added that the review was important, as for three consecutive years, the ministry recorded the…