Banks, mobile operators to be made liable for phone-scam losses

Minister proposes a court-ordered order.

This month, the minister of digital economy and society will promulgate an executive order mandating that banks and cellular phone providers pay compensation to victims of scams carried out using their services.

An executive order had been announced and take impact before the end of the month, according to Minister Prasert Jantararuangtong on Tuesday. The government needed to be protected.

Financial corporations and cellular phone operators that did not employ&nbsp, measures to protect the public from schemes may get accountability, he said.

Lenders should be aware of the customers ‘ backgrounds to stop any of them from opening horse accounts for con artist gangs. ” Homeless people may become asked why they want to start so many banks accounts,” said Mr. Prasert.

Instead of simply making money by forwarding all communications, the minister recommended that cellular phone operators check out SMS messages with links that might be false.