OCBC's head of anti-fraud Beaver Chua on banks working with police to combat scams

Singapore police may soon have powers to stop people from transferring money to suspected scammers, in what could be the first such law in the world. If passed, it will be used as a last resort on victims who continue to send money, despite warnings that it could be a scam. Mr Beaver Chua, head of anti-fraud at OCBC, shared what this unprecedented law could mean for banks, in terms of allocating manpower and handling customer requests for transferring money.