The Association of Banks In Malaysia (ABM) together with Malaysia’s representatives to the Cooperation in Finance, Investment, Trade and Technology (COFITT) Task Force Collaboration on Anti Scam attended COFITT’s Collaboration against Scams Workshop in Bali, Indonesia on 26 and 27 May 2025. The Workshop was organised by the Indonesian Banks Association (PERBANAS) together with its co-chair The Association of Banks in Singapore.

The Workshop was attended by representatives from the ASEAN Bankers Association, 10 ASEAN national banking associations as well as representatives from Otoritas Jasa Keuangan.

Discussions were held on:-

>Benchmarking anti-scam measures by ASEAN banks
>Recommendations for anti-scam roles and responsibilities of non-bank digital economy participants.

Following from the engaging and fruitful discussions at the Workshop, 2 papers on:-

> common definitions and terminology, baseline standards vs best practices; and
> a list of digital economy participants and recommended anti-scam roles and responsibilities

will be produced and pitched at a high level / tabled at the relevant ASEAN forums.

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#ASEANCollaboration
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#BankingSafety
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