Fraud & Ethics
Legal
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Oman's Bank Muscat hit by $39m prepaid card fraud
Bank Muscat, Oman's largest lender, will take an impairment charge of up to OMR15m (US$39m) after a small number of prepaid travel cards were hit by fraud, the bank said on Tuesday. The bank said its board met on Monday after 12 prepaid travel cards were compromised outside of Oman….
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Click here to read the full story: Arabian Business Publishing Ltd