To ask the Secretary of State for the Home Department, what steps he is taking to ensure banks follow the Banking Protocol to protect vulnerable adults from fraud.
Answered by
Tom Tugendhat Minister of State (Home Office) (Security)
This question was answered on 26th February 2024
The government continues to work closely with UK Finance to ensure bank branch staff are trained and follow the Banking Protocol.
UK Finance figures indicate that since launching in 2016, the initiative has prevented victims from losing £202.8million and led to 1005 arrests.
The Protocol sits alongside other measures to protect customers from fraud including the recent National Comms Campaign.