UK Implements Bank Transfer Fraud Refund Scheme with £85,000 Limit Business 7 October 2024 The UK has rolled out a mandatory bank transfer fraud refund scheme, making it the first country to do so.…
Banks to gain new powers to freeze large payments for fraud checks Business 7 September 2024 Banks in the UK will soon be granted new powers to freeze large payments for up to four days as…
Record Surge in Fraud Complaints in the UK New Reimbursement Regulations Loom Business 7 September 2024 The UK’s Financial Ombudsman Service reported a record high in fraud complaints from April to June, with 8,734 cases filed.This…
