Policy paper
Government approach to authorised push payment scam reimbursement
Statement setting out how the government and Payment Systems Regulator intend to improve reimbursement of APP scam victims.
Documents
Details
The government intends to legislate in the Financial Services and Markets Bill to enable regulatory action by the Payment Systems Regulator to require banks and other payment service providers to reimburse authorised push payment (APP) scam losses, ensuring victims are not left paying for fraud through no fault of their own.