questionText: To ask the Chancellor of the Exchequer, what recent assessment her Department has made of the effectiveness of the Financial Conduct Authority's powers to seek redress for the victims of financial fraud.
answerText: The Government takes the issue of fraud very seriously and is dedicated to protecting the public from this devastating crime. In October 2024, the Payment Systems Regulator (PSR) introduced a mandatory reimbursement regime for authorised push payment (APP...
heading: Fraud: Compensation