By Nurdiyanah R.
BANDAR SERI BEGAWAN, NOV 22 – Standard Chartered Bank (StanChart) has organized two separate events focused on the increasing prevalence of fraud and forgery.
The event, which was held on November 20, was divided into two sessions, morning and afternoon, as part of the bank’s commitment to protect businesses and individuals from the increased threat of fraud and cybercrime.
For the morning session, the event was held at Dewan An-Naura, Yayasan Sultan Haji Hassanal Bolkiah Complex focusing on the aspect of industry collaboration, which brought together industry leaders, partners and stakeholders to discuss strategies to combat fraud.
In the welcome speech from the Chief Executive Officer, StanChart, Pengiran Aki Ismasufian bin Pengiran Haji Ibrahim emphasized the importance of cooperation in dealing with the growing risks in today’s digital landscape.
“With deepening global connections, financial crime has grown larger and more complex by the year, amounting to more than US$5.8 trillion annually or nearly seven percent of global gross domestic product (GDP). Financial Institutions (FIs) are at the forefront of fighting it, in collaboration with regulators, industry bodies and technology companies,” he explained.
While in the afternoon, an event took place at Tarindak D’seni, in the capital, focusing on customer fraud awareness to educate customers on the prevention of online fraud and forgery.
In her welcome speech at the event, StanChart’s Head of Wealth and Retail Banking, Brenda Low, highlighted the bank’s commitment to empower customers with the knowledge to stay safe.
The afternoon event ended with an interesting panel discussion featuring Brenda Low, Rupinder Kohli, Dayang Nur Shukrina, and Awang Handri. The session provided a platform for attendees to ask questions and gain insights to combat fraud.
StanChart remains dedicated to building and maintaining a secure financial ecosystem for its customers and stakeholders.
