South Africa
South Africa’s Standard Bank says it has lost $19 million after a scam in Japan.
Officials did not mention when the scam occured.
Standard Bank confirms being target of Japanese fraud syndicatehttps://t.co/CAqU8RT1tM pic.twitter.com/rDQpU2tgxE
— Sowetan LIVE (@SowetanLIVE) May 23, 2016
Bank officials say the perpetrators used counterfeit credit cards to withdraw cash from automated machines.
The bank has called on customers to remain calm because the scam affected its South African operations and not customers.
“Standard Bank has taken swift action to contain the matter and the gross loss to the bank is estimated at 300 million rand ($19million). This is prior to any potential recoveries that may serve to reduce the loss,” the bank said in a statement.
Reuters
Go to video
Six women rescued in Nigeria 'baby factory' raid
00:49
South Africa: NGO calls for Putin to be arrested at BRICS Summit
Go to video
Three murders every hour in South Africa
Go to video
South Africa: opposition seeks to prevent Putin visit
01:30
Fighting in Sudan leaves banking sector in limbo
00:58
Ex-Mozambique finance minister loses last appeal over $2B scandal