Labor vows to force banks to compensate Australians tricked out of money by scammers
Assistant treasurer Stephen Jones to tell National Press Club that digital platforms must also be pushed to take more preventative action
The federal government is promising to change the law to force banks to compensate Australian customers who are tricked into transferring money to scammers, accusing them of doing too little to prevent people from being duped out of more than $2bn every year.
Assistant treasurer Stephen Jones will tell the National Press Club on Wednesday that a government crackdown on scammers is having some success but that the corporate bystanders in the scam equation – the platforms that facilitate scammers’ contact and enable their financial transactions – should be doing more to stop them.
Law (Australia) | The Guardian
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