Singapore Says You Bear the Loss If You Fall for an Investment Scam

Singapore will not extend its Shared Responsibility Framework to investment scams where victims authorise the transfers themselves. Chee Hong Tat, Deputy Chairman of the Monetary Authority of Singapore (MAS), told Parliament that the framework was designed for phishing scams involving unauthorised transactions. He said the same approach was unsuitable for self-effected transfers. Investment scams recorded [...] The post Singapore Says You Bear the Loss If You Fall for an Investment Scam appeared