In a bid to curb the menace of fraudulent withdrawal of money from bank accounts, the Anti-Scam Centre will block accounts with large transactions and verify with account owners, Maldives Police Service has said.

Briefing the Parliament's State Owned Enterprises Committee (SOE Committee) on the police's efforts to curb the scam, Commissioner of Police (CP) Ali Shujau said that the Anti-Scam Centre has been set up and the centre has already started functioning.

The CP, however, added that it would take a few more days for the centre to function properly as there was a lot to be done to complete its work.

He said efforts are on to complete the work of the centre by the end of this month.

"We are in talks with the banks to report and block suspected multiple transactions made by single bank accounts within a short span of time," CP Shujau said.

He said that once the Anti-Scam Centre is fully functional, if transactions are made in a short span of time from one account, it will be blocked and contacted by the owner of the account to verify if it was done at his own free will.

The committee was also briefed about the various steps taken by the police to check the scam.

According to the police, till July this year, MVR 300 million has been recorded lost in scam cases.