FIN.

APP CRM Code interim funding to continue to June 2021

UK Finance has confirmed that 7 signatories to the APP CRM Code have agreed to extend the interim funding to compensate victims of scams until the end of June 2021.  The funding will apply where the customer and the sending and recipient banks have all met the standards of the Code.  It hopes that by the end of the further period legislation will have been put in place so the Code will be on a statutory footing.

Emma Radmore