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Australian banks criticize Meta for scams, push for anti-scam laws with big fines.
Australian banks, including Commonwealth Bank and Westpac, criticize Meta (Facebook's parent company) for allowing scams on its platforms, including money laundering.
They submitted evidence of scam activities to a parliamentary inquiry on proposed anti-scam laws that could fine companies up to $50 million for failing to prevent scams.
However, DIGI, a tech lobby group, argues that banks should solely refund scam victims.
3 months ago
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