Written Question·Treasury·UIN 97505
Electronic Funds Transfer: Fraud
Tabled: 5 December 2025
Answered: 15 December 2025
Question
Stuart Andrew
Conservative — Daventry
To ask the Chancellor of the Exchequer, what discussions she has had with the banking sector and the Payment Systems Regulator on improving the ability of banks to identify and flag potentially suspicious payments linked to unauthorised investment schemes
Answer
Lucy RigbyThe Government recognises the impact of the collapse of the High Street Group (HSG) on those who invested with it. The administrators of HSG estimate that the value of investments affected is about £123 million. As the regulator of financial services in t...
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