Amid criticism, the Ministry of Finance yesterday slightly revised its plan to mandate local banks take digital snapshots of new clients from next year on in a bid to prevent fraudulent savings accounts, which criminals can use to embezzle cash with forged automated teller machines (ATM) cards.
"Only individual current account depositors, who plan to open new accounts next year, will be required to take the snap-shot," said a finance official surnamed Su, citing the consensus reached at a meeting between the ministry's Bureau of Monetary Affairs, the Bankers Association of ROC (銀行公會) and the Ministry of Interior yesterday afternoon.
New corporate depositors and individual time-depositors won't be required to take digital snap-shots, Su said.
After a series of ATM card frauds that cost banks over NT$30 million in mid-October, the ministry asked domestic banks to take digital snapshots of new clients in a bid to prevent fraudulent savings accounts.
The plan represents the government's aggressiveness in hammering out measures to crack down on fake-card users, but many bankers expressed worries that bank clients, who will be troubled by the new measures, may not cooperate. The media has, therefore, been speculating that the plan may be delayed and scrapped.
But the ministry appears ready to stick to its guns. Finance Minister Lin Chuan (
The Bankers Association yesterday said it will come out with the outlines for the new digital snap-shot measures as soon as possible. Beginning in January, domestic banks will be required to take digital snapshots of new clients in a bid to prevent fraudulent savings accounts, the ministry said last month.
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