Scam Groups Target Youth; Taipei Fubon Bank Partners with New Taipei Education Bureau

Facing rampant fraud that is increasingly targeting young people, Taipei Fubon Bank announced today that it has signed a memorandum of understanding (MOU) with the New Taipei City Education Bureau to strengthen anti-fraud efforts. The bank held its first campus anti-fraud awareness event, aiming to build a safer environment through public-private cooperation. Ou Jen-hao, Deputy Director of the New Taipei Education Bureau, noted that fraud tactics are evolving and infiltrating the daily lives of teenagers. High school students, who are early adopters of online services, have become prime targets. By leveraging the bank's financial expertise and police experience, the bureau hopes to help students develop vigilance. Hsieh Ying-ho, Chief Compliance Officer of Taipei Fubon Bank, mentioned that the bank previously collaborated with Fubon Life and the Taichung City Government to promote an anti-fraud network, reaching over 10,000 students. This year, they plan to hold 40 sessions in New Taipei City. Additionally, Union Bank signed a letter of intent with the Taiwan High Prosecutors Office today regarding suspicious transaction analysis. Union Bank stated that since 2023, it has introduced AI-powered anti-fraud tools and established a cross-departmental task force. The bank has set a goal to reduce the number of flagged accounts by 20% annually. Chairman Lin Hung-lien emphasized that preventing money laundering and fraud requires more than just the bank's efforts; the collaboration with the High Prosecutors Office is essential for building a comprehensive defense network.