OSAKA, Oct 01 (News On Japan) –
Osaka Prefecture has revised its ordinance to set a cap of 100,000 yen per day on ATM transfers made with money playing cards by sure aged account holders, marking the primary such restriction in Japan.
The regulation, which took impact on October 1st, applies to residents aged 70 and above who haven’t used an ATM for transfers up to now three years. The transfer is a response to the worsening drawback of particular fraud focusing on seniors, the place criminals trick victims into making transfers to fraudulent accounts.
The determination was highlighted in an consciousness occasion organized by the Osaka prefectural police, that includes comic Chieko Mizutani, who took half in a skit demonstrating how the ordinance would stop suspicious transfers.
Fraud circumstances have been on the rise, with damages reaching about 7.3 billion yen as of the tip of August, already exceeding final yr’s annual whole and hitting a document excessive. Many of those circumstances contain aged victims making ATM transfers, prompting Osaka to implement the restriction.
Reactions amongst seniors have been blended. An 81-year-old resident stated it was the primary time that they had heard of the measure, whereas an 85-year-old commented that it was step since many older folks are inclined to belief others too simply. A 73-year-old, nonetheless, felt the 100,000 yen ceiling could be too strict.
Exceptions will permit transfers exceeding the restrict if requested immediately at a financial institution counter. The timing of implementation will range relying on the monetary establishment, however all banks are anticipated to introduce the restriction by the tip of March subsequent yr.
Source: YOMIURI