17
May
Recent developments have shed light on card fraud schemes which have left some customers reeling from unauthorised money transfers and the subsequent avoidance of necessary charges. The issue has raised concerns among financial institutions and regulatory bodies, prompting investigations including the Bank of Ghana (BoG) and card providers. The fraudulent schemes revolve around cliques that manipulate unsuspecting individuals into granting access to their cards. Once a group gains control, they exploit the cards to conduct unauthorised money transfers – cunningly sidestepping the charges that are typically associated with such transactions. Multiple banks have reported incidents of customers falling victim to this deceptive…