The Government recognises that fraudulent transactions of this manner, commonly known as Authorised Push Payment (APP) scams, can significantly impact those affected.<\/p>
<\/p>
In 2015, the Government set up the Payment Systems Regulator (PSR) with a statutory objective to, among other things, ensure that payment systems are operated in a way that takes account of users\u2019 needs. The PSR is addressing these kinds of scams as part of a programme of work announced in December 2016, following a Which? Super-complaint on the issue.<\/p>
<\/p>
In April 2018, the PSR established a steering group of consumer representatives and banks to draft an industry code to help protect consumers against these kinds of scam. The code was published for consultation in September 2018, with the intention for the final code to be in place in 2019. The aim of this code is to reduce the incidence of APP scams, and it will set out rules on how industry should reimburse consumers in certain scenarios.<\/p>
<\/p>
It is right that industry takes the necessary steps to protect consumers against this kind of fraud. The Government supports the work the PSR is driving forward to tackle these kinds of scams in conjunction with industry, consumer groups and other regulatory and government bodies.<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4051", "label" : {"_value" : "Biography information for John Glen"} } , "answeringMemberConstituency" : {"_value" : "Salisbury"} , "answeringMemberPrinted" : {"_value" : "John Glen"} , "dateOfAnswer" : {"_value" : "2018-11-28", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2018-11-28T13:04:16.317Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "14"} , "answeringDeptShortName" : {"_value" : "Treasury"} , "answeringDeptSortName" : {"_value" : "Treasury"} , "date" : {"_value" : "2018-11-21", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Bank Services: Fraud"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "To ask the Chancellor of the Exchequer, what steps his Department is taking to tackle online scams which rely on the individual voluntarily transferring money.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/4519", "label" : {"_value" : "Biography information for James Cartlidge"} } , "tablingMemberConstituency" : {"_value" : "South Suffolk"} , "tablingMemberPrinted" : [{"_value" : "James Cartlidge"} ], "uin" : "194127"} , {"_about" : "http://data.parliament.uk/resources/1011454", "AnsweringBody" : [{"_value" : "Treasury"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1011454/answer", "answerText" : {"_value" : "
The Border Delivery Group is actively seeking agreement for communication with stakeholders about border issues to be carried out without non-disclosure agreements as soon as possible.<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/3935", "label" : {"_value" : "Biography information for Mel Stride"} } , "answeringMemberConstituency" : {"_value" : "Central Devon"} , "answeringMemberPrinted" : {"_value" : "Mel Stride"} , "dateOfAnswer" : {"_value" : "2018-11-29", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2018-11-29T17:22:14.42Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "14"} , "answeringDeptShortName" : {"_value" : "Treasury"} , "answeringDeptSortName" : {"_value" : "Treasury"} , "date" : {"_value" : "2018-11-21", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Border Delivery Group"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "To ask the Chancellor of the Exchequer, if his Department will lift the non-disclosure agreements that apply to the Border Delivery Group to enable that Group to update businesses on its contingency plans for after 29 March 2019 in the event of the UK leaving the EU without a deal.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/151", "label" : {"_value" : "Biography information for Tom Brake"} } , "tablingMemberConstituency" : {"_value" : "Carshalton and Wallington"} , "tablingMemberPrinted" : [{"_value" : "Tom Brake"} ], "uin" : "193996"} , {"_about" : "http://data.parliament.uk/resources/1011457", "AnsweringBody" : [{"_value" : "Treasury"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1011457/answer", "answerText" : {"_value" : "
Under Article 143 of the draft Withdrawal Agreement, the UK will continue to stand behind a share of the EU\u2019s contingent liabilities related to financial operations up to the date of withdrawal. These contingent liabilities are reported to Parliament in the Consolidated Fund accounts as having a remote probability of crystallising. The UK will also get a share of the associated pre-paid guarantee funds and reflows from the financial operations and, in the event of a contingent liability being triggered, the UK will receive its share of any subsequent amounts recovered by the EU.<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4051", "label" : {"_value" : "Biography information for John Glen"} } , "answeringMemberConstituency" : {"_value" : "Salisbury"} , "answeringMemberPrinted" : {"_value" : "John Glen"} , "dateOfAnswer" : {"_value" : "2018-11-26", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2018-11-26T14:49:47.077Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "14"} , "answeringDeptShortName" : {"_value" : "Treasury"} , "answeringDeptSortName" : {"_value" : "Treasury"} , "date" : {"_value" : "2018-11-21", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Brexit"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "To ask the Chancellor of the Exchequer, what estimate he has made of the level of financial liabilities that would arise pursuant to the provisions of Article 143 of the draft Withdrawal Agreement with the EU.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/1502", "label" : {"_value" : "Biography information for Mr David Jones"} } , "tablingMemberConstituency" : {"_value" : "Clwyd West"} , "tablingMemberPrinted" : [{"_value" : "Mr David Jones"} ], "uin" : "194063"} , {"_about" : "http://data.parliament.uk/resources/1011560", "AnsweringBody" : [{"_value" : "Treasury"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1011560/answer", "answerText" : {"_value" : "
The financial services section of the Political Declaration on the Future Relationship outlines that as part of the close and structured cooperation between the UK and EU on regulatory and supervisory matters that there should be initial decisions on equivalence by June 2020 and clear processes around the suspension and withdrawal of equivalence decisions in future. As of today, there are 43 equivalence provisions in EU legislation across a range of financial services sectors, of which only three[1]<\/sup><\/sup> state that jurisdictional equivalence can be withdrawn with 30 days\u2019 notice. The agreement reached with the EU will establish new processes to give further confidence to firms and consumers that the equivalence relationship between the EU and UK will be a durable one.<\/p> <\/p> [1]<\/sup><\/sup> MiFIR Article 33, STFR Article 21 and EMIR Article 13<\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/4051", "label" : {"_value" : "Biography information for John Glen"}
}
, "answeringMemberConstituency" : {"_value" : "Salisbury"}
, "answeringMemberPrinted" : {"_value" : "John Glen"}
, "dateOfAnswer" : {"_value" : "2018-11-26", "_datatype" : "dateTime"}
, "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2018-11-26T14:53:05.87Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "14"}
, "answeringDeptShortName" : {"_value" : "Treasury"}
, "answeringDeptSortName" : {"_value" : "Treasury"}
, "date" : {"_value" : "2018-11-21", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Financial Services"}
, "houseId" : {"_value" : "1"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"}
}
], "questionText" : "To ask the Chancellor of the Exchequer, with reference to the November 2018 Outline Political Declaration on the Future Relationship, whether EU equivalence decisions on UK financial services will be revocable with 30 days' notice; and if he will make a statement.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/163", "label" : {"_value" : "Biography information for Sir Stephen Timms"}
}
, "tablingMemberConstituency" : {"_value" : "East Ham"}
, "tablingMemberPrinted" : [{"_value" : "Stephen Timms"}
], "uin" : "194018"}
, {"_about" : "http://data.parliament.uk/resources/1011596", "AnsweringBody" : [{"_value" : "Treasury"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/1011596/answer", "answerText" : {"_value" : " On 13 March 2018, the Treasury confirmed allocations of c.£1.6bn to departments. A full breakdown of the allocation can be found in the Chief Secretary\u2019s Written Ministerial Statement, HCWS540, which can be found at https://www.parliament.uk/business/publications/written-questions-answers-statements/written-statement/Commons/2018-03-13/HCWS540/<\/a>.<\/p> The Economic and Fiscal Outlook is produced by the independent Office for Budget Responsibility. As part of their fiscal forecast they take a judgement on how much departments will underspend on aggregate DEL spending. This information is available at https://cdn.obr.uk/EFO_October-2018.pdf<\/a>.<\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/4097", "label" : {"_value" : "Biography information for Elizabeth Truss"}
}
, "answeringMemberConstituency" : {"_value" : "South West Norfolk"}
, "answeringMemberPrinted" : {"_value" : "Elizabeth Truss"}
, "dateOfAnswer" : {"_value" : "2018-11-26", "_datatype" : "dateTime"}
, "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2018-11-26T17:27:10.177Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "14"}
, "answeringDeptShortName" : {"_value" : "Treasury"}
, "answeringDeptSortName" : {"_value" : "Treasury"}
, "date" : {"_value" : "2018-11-21", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Brexit"}
, "houseId" : {"_value" : "1"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"}
}
], "questionText" : "To ask the Chancellor of the Exchequer, pursuant to the Answer of 8 November 2018 to Question 185719 on Brexit and with reference to paragraph 4.111 of the OBR\u2019s Economic and Fiscal Outlook published in October 2018, how much of the current £0.4 billion underspend estimate is within the Brexit funding pot.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/4520", "label" : {"_value" : "Biography information for Matthew Pennycook"}
}
, "tablingMemberConstituency" : {"_value" : "Greenwich and Woolwich"}
, "tablingMemberPrinted" : [{"_value" : "Matthew Pennycook"}
], "uin" : "194204"}
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