Banks will be required to reimburse APP scam victims from next year
Most victims of authorised push payment fraud will be reimbursed within five business days, the Payment Systems Regulator said.
Source: standard.co.uk
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Banks ordered to refund ALL money lost to authorised push payment scammers from next year
The Payment Systems Regulator is closing a loophole that sees banks throw out about half of all cases where customers have fallen victim to authorised push payment fraud.
Source: dailymail.co.uk
Scam victims must be refunded within five days under new bank laws
Fewer than half of victims get their money back under current guidelines
Source: telegraph.co.uk
European Commission Proposes Wide-Ranging Enhancements to Retail Investor Protection Rules | Latham & Watkins LLP
As the “most ambitious legislative proposal since the inception of EU financial regulation”, the changes would make significant amendments to MiFID II and PRIIPs. On 24...
Source: jdsupra.com
UNIDROIT Publishes Principles on Digital Assets and Private Law | Shearman & Sterling LLP
On May 18, 2023, the International Institute for the Unification of Private Law (UNIDROIT), the intergovernmental organization for modernizing and coordinating private law, published a...
Source: jdsupra.com