Japanese Bill will allow card theft victims to be compensated
Publish date: 28 June 2005
Issue Number: 1365
Diary: Legalbrief Today
Category: Labour
Japans banks will have to amend their business rules in line with a Bill that aims to offer compensation to victims of bank-card crimes.
The Japan Times reports a Bill has been submitted to the Diet. It will require financial institutions to compensate depositors for funds stolen through bank card forgeries and thefts. The coalition\'s move comes amid mounting criticism over banks\' failure to respond swiftly to such crimes, as well as the financial institutions\' opaque position on compensation obligations. Full report in The Japan Times
