CBFL SEMINAR SERIES Payment Scams and What Banks Can Do About Them

Event Date

From Thursday 21 Nov 2019 - 04:00 PM To Thursday 21 Nov 2019 - 05:30 PM


Lee Sheridan Conference Room, Eu Tong Sen Building, NUS Law (Bukit Timah Campus)


National University of Singapore Faculty of Law

Practice Area

Banking and Finance

Training Level


Public CPD Points


Event Outline

Fraudsters seeking to get their hands on money in a bank account have two main options. The former is known as an authorised payment scam and the latter as an unauthorised payment scam. The distinction is significant for who bears the risk of loss. Singapore and Australia have also taken steps to address the problem of misdirected electronic payments. The seminar will examine how jurisdictions are responding to the growth in the authorized payment scams.

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