On 28 April, the UK Parliament published responses from the Government, the Financial Conduct Authority (FCA) and Payment Systems Regulator (PSR) to the Committee’s February report on Economic Crime in the UK. The report urged the Government to legislate against online fraudulent adverts and seriously consider whether online giants should reimburse those who fall victim to scams on their platforms. It also called for the Government to urgently legislate to make reimbursement for victims of ‘authorised push payment fraud’ mandatory. Part of the response to the report was that the Government has dismissed the suggestion that anti-fraud enforcement should be the responsibility of a single body or department.
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