Reducing Bank Fraud - Opinion - magz.tempo.co

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Reducing Bank Fraud

Tuesday, March 21, 2017

Poor oversight has left banks vulnerable to fraud committed by their staff. Public trust is at stake.

. tempo : 173226710752.

The two fraud cases that have come to light in the last week have rightly caused people to doubt the effectiveness of the banking oversight system. The first led to a number of Bank Tabungan Negara (BTN) customers losing more than Rp500 billion, while the second cost seven banks a total of Rp836 billion. Neither case would have been possible without the involvement of the banks' insiders.

The impact of this fraud reaches far beyond the material l

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