Prolong cooling-off period for transactions to stop fraud, banks told


AI

KUALA LUMPUR: Financial institutions should extend the cooling-off period for transactions to up to 72 hours to combat online scams and fraud, says Comm Datuk Seri Ramli Mohamed Yoosuf (pic).

The Bukit Aman Commercial Crime Investigation Department director stressed that banks must be serious in minimising and curbing scams via online transactions.

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