Banks to refund victims of money transfer scams - MSE News

Former_MSE_Callum · 28 September 2018 at 11:02AM

People who are tricked into transferring money to a fraudster may be able to get their cash back under proposed new rules - and several major banks are to start reimbursing victims straight away...

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'Banks to refund victims of money transfer scams'

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eskbanker · 28 September 2018 at 11:10AM

I suspect that, as ever, much of the debate on here will be about the principle of customer v bank liability for APP frauds, but for anyone interested in the detail of what's proposed, the draft code of conduct going into consultation is published at https://appcrmsteeringgroup.uk/wp-content/uploads/2018/09/APP-Scams-SG-Draft-Code-FINAL.pdf

michaels · 28 September 2018 at 4:43PM

I have a proposal for you: please transfer £100 to my account which I will then instantly send it the Caymens, then ring your bank letting them know that you were conned into it.

You will get refunded and I will give you £50 cash in a brown envelope for your trouble.

Banks to refund victims of money transfer scams - MSE News

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