Central Banking

Computer law to fight bank fraud

US - The House Financial Services Committee approved legislation on 27 June that encourages regulators to link computer systems to help crack down on financial fraud.

The bill, the Financial Services Antifraud Network Act, was approved on a voice vote with support from committee Democrats and Republicans.

"In the future, con artists will no longer be able to exploit the gaps that exist among the 50 states and among banking, securities and insurance regulators," said House Financial Services

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