Electronic Funds Transfer: Fraud

(asked on 30th March 2022) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what legislative steps he plans to take to tackle barriers to regulatory action against authorised push payment scams; what his timetable is for bringing forward such legislation; and whether those proposals will include amendment of the Payment Services Regulations 2017.


Answered by
John Glen Portrait
John Glen
Paymaster General and Minister for the Cabinet Office
This question was answered on 19th April 2022

Authorised Push Payment (APP) scams pose risks to UK customers, with increasingly sophisticated scams that can be detrimental to people’s lives. The Government recognises the urgency of this matter, and has therefore committed to legislate to address any barriers to regulatory action on mandatory reimbursement when parliamentary time allows. The Government will set out more detail on its approach in due course.

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