Do not let your account become a mule account. As such, do not do not rent out your bank account to anyone. The mule account holder is liable if a fraud involves using the mule account for transactions.
All bank staff are already being educated on spotting mule accounts, I think the days of mule accounts will soon be numbered despite the high number of people still renting out their bank account. Mule accounts are being identified and put into the bank's AI fraud detection systems, that is why scammers are constantly on the lookout for new account numbers to rent from.
From what I understand, these bank accounts (mule accounts) can be rented out from RM500 to RM1,000 per month. Scammer syndicates will use these accounts as incoming transfer accounts for their scam operations. The reasons syndicates need these accounts is so that they can change their operating bank transfer accounts fast to avoid detection by the enforcement authorities.
For people who rent out their account, it's very likely they will be barred from any banking activities in future if they get blacklisted.
Mule account issue is so big that the government of also put it up on billboard to warn the public.
