Reported 8 months ago
To disrupt financial fraud activities, the Financial Supervisory Commission (FSC) has established a 'grey list' reporting platform to monitor suspicious scheduled transfer accounts and prevent illegal money flows. Within just one month of the platform's launch, 136 illegal accounts were detected. The FSC urges financial institutions to use this mechanism to identify potential risks, take care of customers, and prevent fraud. Various anti-fraud measures are being implemented, including counter services, online and mobile banking, and early warning systems.
Source: YAHOO