questionText: To ask the Secretary of State for the Home Department, what recent assessment she has made of the adequacy of levels of responsibility on (a) banks and (b) receiving firms to (i) share information quickly and (ii) freeze funds in cases of fraud.
answerText: The Home Office continues to work with financial institutions, regulators, and law enforcement to ensure responsibilities for preventing and responding to fraud are clear and effective.The Payment Services (Amendment) Regulations 2024, effective October 2...
heading: Bank Services: Fraud