UK consumers make over 70 million bank transfers a month, but victims conned into transferring money by bank transfer to a scammer currently have no legal right to get their money back from their bank

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Consumers make over 70 million bank transfers a month, but scam victims have no legal right to get their money back - 29 Nov 16

Consumers make over 70 million bank transfers a month, but scam victims have no legal right to get their money back

Simon Rose

Original Broadcast:

The Share Radio Evening Show

Consumers make over 70 million bank transfers a month, but scam victims have no legal right to get their money back

In just two weeks, more than 650 people reported losing over £5.5m to bank transfer scams. Which? is submitting this information to the Payment Systems Regulator as evidence in its super-complaint into bank transfer fraud. UK consumers now make over 70 million bank transfers a month, but victims conned into transferring money by bank transfer to a scammer currently have no legal right to get their money back from their bank. Olivia Demetriades spoke to Pete Moorey, Head of Campaigns at Which?.

Guest:

Pete Moorey

Published: Tue 29 Nov 2016

Strand: Market Wrap and Evening Show

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Consumers make over 70 million bank transfers a month, but scam victims have no legal right to get their money back

Consumers make over 70 million bank transfers a month, but scam victims have no legal right to get their money back

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