NORTH WEST FRAUD FORUM

British government extends deadline for banks to combat rising fraud.

17 Mar 2024 10:47 AM | Anonymous member (Administrator)

The UK government has announced measures granting banks 72 hours to scrutinise suspicious transactions before processing payments to combat rising fraud

This comes after efforts to tackle the escalating threat of Authorised Push Payment (APP) scams which has left victims dealing with a total of £485 million in losses in 2022.

https://www.openaccessgovernment.org/british-government-extends-deadline-for-banks-to-combat-rising-fraud/174688/

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