Member

Amendment 46, tabled by the noble Baroness, Lady Kramer, would require the FCA to make rules so that where a victim of authorised push payment fraud is reimbursed, some or all of the cost can be recovered from technology companies when an online service is used to facilitate fraud. The Government have been clear that every sector must play their part in preventing fraud. Technology companies should take robust action to stop services being abused by criminals, but the Government do not consider this amendment the right vehicle to achieve that.