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Banks to pay scam victims

PhilT 13 July 2023 00:00 2

Welcome to the Community @yeskay,

Your new topic continues a long closed one for reference

Australian Government should follow UK lead on scams Scams

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…

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