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Australia can learn from the UK's experience by making banks pay for scam losses

  • Written by Muhammad Al Mamun, Senior Lecturer in Finance, La Trobe University
Australia can learn from the UK's experience by making banks pay for scam lossesShutterstock

British banks will soon be required to reimburse customers who fall victim to authorised push payment fraud – where a scammer convinces you to authorise a payment, generally by masquerading as a legitimate business or person.

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