The increased reliance on digital communication and online banking has created greater potential for digitally-enabled scams. If not appropriately addressed, scam losses may undermine confidence in digital systems, resulting...more
4/24/2025
/ Australia ,
Banks ,
China ,
Consumer Protection Laws ,
Financial Institutions ,
Financial Services Industry ,
Hong Kong ,
Popular ,
Regulatory Requirements ,
Risk Management ,
Scams ,
Singapore ,
Telecommunications
In response to the growing threat of financial scams, the Australian Government has passed the Scams Prevention Framework Bill 2025. The Scams Prevention Framework (SPF) imposes a range of obligations on entities operating...more
2/24/2025
/ Australia ,
Banking Sector ,
Consumer Protection Laws ,
Financial Crimes ,
Financial Regulatory Reform ,
Fraud ,
Regulatory Requirements ,
Scams ,
Social Media ,
Telecommunications ,
UK
In response to growing concerns regarding the financial and emotional burden of scams on the community, the Australian government has developed the Scams Prevention Framework Bill 2024 (the Bill). Initially, the Scams...more