Banks: Forged Customer Signatures Debate

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Department: Home Office

Banks: Forged Customer Signatures

Lord Hunt of Kings Heath Excerpts
Monday 16th January 2023

(1 year, 3 months ago)

Lords Chamber
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Lord Sharpe of Epsom Portrait Lord Sharpe of Epsom (Con)
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I completely agree with my noble friend that we should look at the fraudsters. Regarding Action Fraud, we are providing £10 million to the City of London Police this year to support the upgrade in the Action Fraud service. A project is under way to transform the Action Fraud website, where the public can report fraud and cybercrime. That is part of the continuous improvements to the national service, which will be fully upgraded by 2024.

Lord Hunt of Kings Heath Portrait Lord Hunt of Kings Heath (Lab)
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My Lords, why are the Government taking so long to produce the promised national fraud strategy? Also, why is less than 1% of police activity concentrated on dealing with financial fraud?

Lord Sharpe of Epsom Portrait Lord Sharpe of Epsom (Con)
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Regarding the national strategy, the noble Lord makes a very good point. I committed at the Dispatch Box that it would be out before the end of last year. However, I can confirm that it is being discussed cross-departmentally and is imminent. If noble Lords are interested, I am happy to set up a briefing so that we can discuss it in greater detail as soon as it is published.