What You Need to Know about Singapore’s Upcoming Shared Responsibility Framework
Fintech News
OCTOBER 27, 2024
The Monetary Authority of Singapore (MAS) and the Infocomm Media Development Authority (IMDA) will implement the Shared Responsibility Framework (SRF) for phishing scams on 16 December 2024. The SRF, to be implemented via a set of SRF Guidelines, aims to strengthen the direct accountability of financial institutions (FIs) and telecommunications companies (telcos) for phishing scam losses.
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