Singapore’s MAS to Issue Framework on Sharing Scam Losses – ST

The Monetary Authority of Singapore could issue a framework that spells out how losses from scams are to be shared between consumers and financial institutions, the Straits Times reported.

MAS asserted that all parties must shoulder their responsibility in fighting scams.

Read the full report: Straits Times

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Jim Pollard

Jim Pollard is an Australian journalist based in Thailand since 1999. He worked for News Ltd papers in Sydney, Perth, London and Melbourne before travelling through SE Asia in the late 90s. He was a senior editor at The Nation for 17+ years and has a family in Bangkok.

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