Banks: Forgery

(asked on 22nd July 2021) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, how many meetings his Department has had with the Bank Signature Forgery Campaign on bank signature forgeries in the last three years.


Answered by
John Glen Portrait
John Glen
Paymaster General and Minister for the Cabinet Office
This question was answered on 6th September 2021

Treasury ministers and officials engage with a number of organisations and stakeholders on a variety of policy issues.

The Government expects all companies to obey the law and relevant regulations. Anyone with evidence of forgery taking place should report it to their bank in the first instance. If their concerns remain, or they do not have a direct relationship with the lender, they should report it to the relevant authorities.

The Financial Conduct Authority (FCA) requires all authorised firms to have systems and controls in place to mitigate the risk that they be used to commit financial crime. Whilst the police have primary responsibility for investigating fraud the FCA also has powers to take a variety of enforcement action against firms that carry out fraudulent activity.

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