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On 19 December 2023, the Payment Systems Regulator (PSR) published its final policy statement on fighting authorised push payment (APP) scams alongside three legal instruments that will...
People tricked into transferring money to scammers will be able to receive up to £415,000 back, under requirements coming in 2024.
The new consumer protections against authorised push payment fraud will come into force from October 7 2024.
Key developments of interest over the last month include: the FCA publishing key findings from its multi-firm review of payment account providers’ systems and controls against money...
The U.K.’s newest Financial Services and Markets Act of 2023 (“FSM Act”) received Royal Assent on 29 June 2023. Certain parts came into force on its passing, others will come into...