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: Introduction of E-Commerce Marketplace Transaction Safety Ratings and Revised Technical Reference 76 on E-Commerce Transactions

MR No.: 030/22

To secure e-commerce marketplaces from scams, the Inter-Ministry Committee on Scams (IMCS) will launch the following two initiatives today:

  1. E-commerce Marketplace Transaction Safety Ratings (“TSR”) to provide consumers with information on anti-scam measures that major ecommerce marketplaces have in place; and
  2. Revised Technical Reference 76 on Guidelines for Electronic Commerce Transactions (“TR 76”) to provide e-retailers and online intermediaries such as e-commerce marketplaces, with additional guidelines to better secure e-commerce transactions from scams.

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