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OCBC goodwill payouts a one-off gesture, do not set ‘general precedent’ for future cases: MAS

SINGAPORE (CNA) – OCBC’s recent goodwill payouts to fully cover scam victims’ losses were a “one-off gesture by the bank in the circumstances” and do not set a general precedent for future cases, said the Monetary Authority of Singapore (MAS) yesterday. Hundreds of OCBC Bank customers fell prey to online phishing scams last month, with
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