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Mark Shelford - Bank transfer delays could protect victims from fraud

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Tuesday, 14 February, 2023
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bank-transfer

Fraudsters often scam people into transferring money from their bank accounts, with the victim only realising a while later when its too late. I'm urging the government to introduce a 'pause' on bank transfers to give people time to reflect on their transaction, before the fraudster has had time to transfer their money away to other accounts. Read The Telegraph article on how this could protect thousands of people from bank fraud.

https://www.telegraph.co.uk/.../automatic-bank-transfer.../

https://www.msn.com/.../automatic-bank.../ar-AA178gj2

If you have been a victim of fraud, report it now to Action Fraud on

https://www.actionfraud.police.uk/ or telephone 0300 123 2040

Never transfer money to someone you don't know or have never met without checking their authenticity.

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