Written Question·Treasury·UIN 67581

Fraud: Compensation

Tabled: 14 July 2025

Answered: 17 July 2025

Named Day

Question

Sarah Coombes

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.

Answer

Emma Reynolds

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...

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