Banking and Finance: Banks given extra time to ‘break the spell’ of scammers before sending payments

14 Mar 2024 12:10 PM | Anonymous member (Administrator)

Providers will have a further 72 hours to investigate payments, where there are reasonable grounds to suspect fraud or dishonesty.

Payment service providers such as banks will be given more time to contact customers, police and others when they have reasonable grounds to suspect fraud before they send a payment, under draft legislation published on Tuesday.

https://www.shropshirestar.com/news/uk-news/2024/03/12/banks-given-extra-time-to-break-the-spell-of-scammers-before-sending-payments/

         twitter   linkedin

Midlands Fraud Forum Ltd. Reg.No: 06436330
Copyright © 2024
Disclaimer & Privacy Policy

Powered by Wild Apricot Membership Software