The anti-graft agency said it was working with Bank Negara Malaysia and international enforcement agencies such as Interpol and the US Federal Bureau of Investigation (FBI).

MACC said it began tracing the assets and money after four British nationals were charged at the Shah Alam and Penang courts on Thursday and Friday.

The quartet was subsequently jailed after pleading guilty to an alternative charge of cheating by impersonation.

Meanwhile, commenting on a news report claiming that MACC was monitoring five major banks for their involvement in the syndicate, the anti-graft agency clarified that the investigation was more focused on the individuals involved rather than the financial institutions.

“These individuals are ‘professional enablers’ who comprise bank officers, accountants and company secretaries who enabled the illegal syndicate to operate.

“MACC will continue to work closely with the central bank and other enforcement agencies to combat international fraud syndicates,” it said in a statement.

It was reported last month that MACC had busted an international syndicate in multiple raids across Kuala Lumpur and Penang.

The syndicate had raked in RM200 million by targeting victims from the UK and Australia. It had been operating since 2019.