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Day: September 21, 2023

Should banks be mandated to fully reimburse scam victims as suggested by WP Sylvia Lim?

should-banks-be-mandated-to-fully-reimburse-scam-victims-as-suggested-by-wp-sylvia-lim

Should banks in Singapore be mandated by law to fully reimburse scam victims, and in a timely manner without much hassle as suggested by WP MP Sylvia Lim? Minister of State for Trade and Industry Alvin Tan said doing so could erode vigilance and personal responsibility, and lull users into complacency. While the amounts lost […]

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