Fraud: Bank Services

(asked on 20th February 2024) - View Source

Question to the Home Office:

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 Portrait
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.
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