BANKNotable
Court holds KBank liable for after-midnight scam transfers
Thailand's Civil Court ruled that Kasikornbank must pay 1 million baht in damages to a scam victim for failing to detect suspicious after-midnight transfers, establishing a precedent for banks' shared responsibility in financial fraud. The decision aligns with Thailand's amended emergency decree on shared liability, meaning expats may have stronger recourse against banks that fail to flag unusual transactions.
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