Global Financial Regulatory Blog

Tag Archives: fraud

New PSR Industry Code Entitles Victims of Fraud to Reimbursement

The new code aims to avoid customers being penalised for fraudsters’ actions. By Andrea Monks and Nell Perks Estimates indicate that fraudsters stole £1.2 billion from UK bank accounts in 2018 — a 16% increase on the previous year. UK Finance has described fraud as a “major threat to the UK”, and has confirmed that … Continue Reading