Declining a Fraud claim

Declining a Fraud claim

This indicates that you have already delivered the intended value for the payment, and it's not possible to recover that value. In this situation, you must furnish evidence demonstrating the value provided for the payment. Additionally, you need to provide pertinent details that can assist the bank or law enforcement authorities in retrieving the funds from the individual who initiated the fraudulent transaction and benefited from it. With a robust Know Your Customer (KYC) system implemented, you'll be able to identify your transaction counterparts accurately and furnish precise information about them as necessary.

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