Just suggesting the easiest way to implement. No need the trouble to enforce law or take action that needed a lot of resources.

Edit: Specifically just need to count number of transfers per month, if exceeded certain amount then auto ban, but may appeal given got valid reason.

This post has been edited by vanitas: Jul 15 2020, 08:06 PM

Read above edited content. Also Please read all t&c of all online services, ban is the easiest way for any online services.

Nah.. it was all same, even on this forum. As for financial product specifically, did you use PayPal before? Or did you heard ban stories on using PayPal?

Edit: and it was only ban online top up, not freezing money or anything else, can be implemented very quickly.

This post has been edited by vanitas: Jul 15 2020, 08:15 PM

Freezing then too much, ban top up for life enough.

Nothing had been done? Where you get the data???

And no, I wasn't suggesting ban the whole account, but disable certain features, can be just disabling online transfer, or to disable online top up, all are within their rights in tnc.

PayPal got a lot of ban (whole account) just because of suspicious cases, without proper investigation but allowed to appeal only. You can find those stories online, although myself didn't face such issue also.

It was ban first, investigate later if you appeal.

They would have a honest score system la..
New account within one month -50
Transfer -5
Transfer second time within a month -10
Transfer third time within a month -20
Transfer for each 10k -5
And so on..

Reached certain scores then auto ban. I don't think I need to explain much. This is a very common thing in banning of online services. It was easier than you thought, no human needed except for handling appeal.

Wait until one day you got banned without justification on any online services then you know it is not needed at all. It is written on tnc they reserved the right for not providing you the online services, just because their system said you are abusing the services.

And I am mostly talking on online services abuse, not money laundering / violate law that need go court or whatever.

Edit: for local example, go bigpay thread in finance search for ban or suspension.

This post has been edited by vanitas: Jul 15 2020, 08:50 PM

Top up is so difficult, I don't think anyone would use that as a medium for money laundering.

Unless they can get from sellers that unaware of the situation, and happy with the extra sales charge.

So if they close the door for easy selling and buying, then of course can close the door for (easier) money laundering.

They are inter-related.

And online transfer is no doubt a good feature, they just need to close the door for abuse, as suggested auto disabling certain features of those potential abusers.

The account is still fine, money is still there, but amount of people who abuse will be greatly decreased depends on how much penalty given.

Driving got merit demerit system that lead to ban like what I suggested la.

And I didn't mentioned total ban (whether for all, or for abuser), don't know how you read.

This post has been edited by vanitas: Jul 15 2020, 09:26 PM

That's how you read selectively. I had been also mentioning disabling certain features like top up, or transfer, or else.

I am also pointing out that the banning had been justified with scoring system, not simply "here and there". Like the driving example that you give.

You are also missing out that I never said money laundering is not a serious case, again I don't know how you read it, number of transactions is part of the scoring system that I give as an example, not the sole criteria.

Lastly you keep mentioning shopee and lazada but the example I give is PayPal. I don't know you are talking to me, or taking to yourself.

It abuse is not an issue for them, then why they change the captcha system?

Did you know what's the script about? Security vulnerabilities? Lol..
Nvm, now I understand why you had been scammed before.

Edit: Using your logic, transfer feature also got security vulnerability, especially those who are unaware.

Also then why the cool down period now? Spam buying got security concerns as well ke? As not as not related to money laundering why they even bother to implement cool down?

This post has been edited by vanitas: Jul 16 2020, 10:19 AM

OK sorry for that.
But the script is for automated top up, there is no transfer and withdrawal at that time, and even at this time, you need TAC for doing that.

Do you understand the main risk in on TAC, but not id and password?

Edit:Also it is also possible to have an automated top up script currently, the problem with script now is that you would need to wait server side cool down, so much less useful.

The main idea of cool down and changing captcha system is more to prevent abuse or spam buying than security stuff.


This post has been edited by vanitas: Jul 16 2020, 10:48 AM

Yes, id and password is important, but not as important as TAC now.

Actually the automated script is just JavaScript that executed on client side, that anyone can take a glance, it was very short, knowing a bit programming should know what it does.

Not saying it won't cause security vulnerability at all, but user that may falls for a fake script will rather get exposed to security vulnerability on using pirated software, browsing random websites, or one of the online service providers leaked their database on username and password etc. I don't think pnb would take this (fake script) as a reason to change their top up game.

Financial organizations now had been assuming everyone's id and password is not safe, thus introducing TAC, or even tap on app to approve stuff now, because they found security vulnerability (mostly victim send the TAC to scammers) on TAC few years ago.

Last time got one person sell script and buy Rolex.

I know there is part time seller like you who earn only Starbucks coffee (actually more than that), but there is also full time seller / abuser that went into systematic way and earn a Rolex. If really none now just soon or later.

Edit: Red eyes could be one reason for others, but for me is more to the unfairness of chance to get units, when more and more people buying to sell, but not for dividend. This applies to people queuing for others at bank, or bank staff helping their relatives or friends to buy internally, to sell automated script, to current buy and transfer to others. I can understand you are small fish, but those who do it in a systematic way is not.


This post has been edited by vanitas: Jul 17 2020, 09:58 AM

KLCI index on 1996 is around 10xx - 12xx.
Interestingly, gold that does nothing is the winner among all from 1996 till now.

Individual stock of course would performs better. But I think back on that time isn't easy to invest foreign stock. Locally public bank also performs very well. But don't forgot many companies bankrupt or winding up business during financial crisis too.

To avoid confusion, my "all" refers to klci index, asnb, property price index. Something easier to invest, lower risk (tracking index).

You will know the dividend for ASM2 next week. You can wait one more week to decide continue trying ASM or try something else.

Personally think the dividend for ASM2 and ASM3 would be higher than ASM (4.25%) as stock market is doing terribly during March (the month where ASM paying dividend), and now the stock market is way better than that time. I would guess around 4.75%.

But many members here feel it will be around 3.8% to 4.2%.