A new banking safeguard in Hong Kong aims to reduce scam losses by requiring customers to confirm certain transactions in person.
Forced pause in high-risk transactions
Hong Kong authorities are rolling out an anti-scam mechanism that deliberately slows access to money, betting that friction can stop fraud before losses occur.
The initiative, known as “Money Safe” accounts, requires banks to let customers set aside funds that cannot be accessed through online or mobile banking. Instead, with
