The AI-powered service will ask customers to answer a "series of dynamic questions" if a new payment appears to have high scam risk.
March 28, 2024BNM is working with the financial sector and law enforcement on improving fund tracing, disrupting fraudulent fund flows, and raising awareness.
March 22, 2024Report says scam losses in Q4 2023 almost halved compared to the same quarter in 2022, largely due to a sharp decline in investment scams.
March 18, 2024Proposed legislation will allow banks to pause payments for up to 72 hours while they contact customers and relevant third parties like the police.
March 14, 2024The HKMA will use the sandbox to communicate supervisory expectations and guidance on the issuance of fiat-referenced stablecoins in Hong Kong.
March 13, 2024The assessment specifically identifies Asia as being the "focal point" of pig butchering fraud schemes, especially in poorer countries across the region.
March 12, 2024Over two months, the tech was used to send more than 15,000 SMSes to potential victims alerting them to the deceptive schemes they were entrenched in.
March 8, 2024Companies House this week gained new powers that allow it greater powers to query information and request supporting evidence.
March 8, 2024Fake news articles and deepfake videos are being used to convince people to make online investments that turn out to be scams.
March 6, 2024The A$10,000 monthly limit is intended to keep customers safe from fraud and scams, the bank said.
March 5, 2024