Protection from Scams Bill

The Protection from Scams Bill 2024 aims to safeguard individuals from remote scams by allowing specified officers to issue restriction orders to banks. The bill defines restriction orders as prohibiting banks from processing transactions for identified scam victims to prevent further victimization. The duration of these orders can be up to 30 days, with provisions for cancellation, variation, or extension as deemed necessary. Offenses for banks contravening these orders are established, along with an appeals process for affected individuals. Additionally, banks and their employees are granted immunity for actions taken in compliance with these orders.