Written Question·Treasury·UIN 902986

Fraud: Victims

Tabled: 26 February 2025
Answered: 4 March 2025
Named Day

Question

Wera Hobhouse

Liberal DemocratBath

To ask the Chancellor of the Exchequer, what recent assessment she has made of the adequacy of Financial Conduct Authority support for victims of financial fraud.

Answer

Emma Reynolds
The FCA plays a crucial role in combating fraud, working to ensure firms have robust systems to prevent fraud and protect consumers.It authorises and supervises firms offering regulated financial services, so consumers can trust firms are being held to hi...

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