Good news…! Worlds first regulation The UK government will force banks to compensate scam victims under a world-first scheme that kicks off next year — and Australia could follow suit.
PhilT
13 July 2023 00:00
2
Welcome to the Community @yeskay ,
Your new topic continues a long closed one for reference
Banks will have to repay bank transfer scam victims under new law
Plans are in motion to force all UK banks to reimburse victims of authorised push payment (APP) scams, marking a landmark win for scam victims.
What is changing?
The Payment Systems Regulator (PSR) announced today that the UK Treasury will make the necessary legislative changes to provide for mandatory reimbursement for scam victims. In its latest consultation, open until 14 January 2022, the PSR has also set out various propos…
yeskay:
Good news
Not necessarily. You should probably review the existing discussion, which is linked in the previous post.
