Banks in Singapore - Do They Reimburse Losses from..

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Banks in Singapore - Do They Reimburse Losses from Scams and Fraud?

This framework establishes a clearer process for determining how losses from phishing scams are shared between banks, telcos (telecommunication companies), and consumers.

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Banks in Singapore - Do They Reimburse Losses from Scams and Fraud? - SMART-TOWKAY Pte. Ltd

Although the MAS has provided principles-based recommendations for dealing with scam losses, banks are not required by law to repay clients. According to the MAS rules, banks are supposed to serve consumers fairly and to have effective mechanisms

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Banks in Singapore - Do They Reimburse Losses from Scams and Fraud? - SMART-TOWKAY Pte. Ltd

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