More needed to thwart fraudstersBy Jeng Shann-yinn 鄭善印Many people have received phone calls from scammers, especially in the past three years. The Executive Yuan formulated its action strategies on the basis of four major tasks, namely identifying fraud through educational campaigns, preventing fraud on telecommunications networks, intercepting fraud by following money flows and capturing fraudsters through law enforcement. It set the ultimate goals of preventing fraud, destroying the tools of fraud, blocking the flow of stolen money and cleaning up criminal groups. The FSC is responsible for handling dummy accounts, but it has repeatedly been passive in its response. With regard to financial institutions that have a particularly high proportion of dummy accounts, the FSC should investigate them and hold them accountable.

Source: Taipei Times July 17, 2023 22:14 UTC