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Comparing approaches in EU, UK, Singapore, Hong Kong and Australia

Published by OneSpan

The OneSpan White Paper explores global Authorized Push Payment (APP) scam regulations, focusing on the UK, EU, Singapore, Hong Kong, and Australia. APP fraud, where scammers trick victims into authorizing fraudulent payments, has surged, causing billions in financial losses. Governments are strengthening regulations, requiring banks, payment service providers, and telecom companies to enhance fraud detection, transaction monitoring, and customer reimbursement policies. Measures like IBAN/name matching, behavioral analytics, and liability-sharing frameworks aim to protect consumers and financial institutions. Compliance with these evolving anti-scam regulations is crucial for IT and finance companies.

 

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