FIN.

PSR announces next steps to stop APP fraud

The PSR has set out its latest plans to force the financial sector and others involved in the digital ecosystem to prevent APP fraud. It is consulting on plans to:

  • require the UK’s largest banking groups to publish data on their performance, including reimbursement levels;
  • improve intelligence sharing; and
  • made reimbursement mandatory for victims of scams, once the law allows this.

The consultation is open until 14 January 2022.

Emma Radmore