Peter Dowd
Main Page: Peter Dowd (Labour - Bootle)Department Debates - View all Peter Dowd's debates with the HM Treasury
Authorised Push Payment Fraud
Peter Dowd Excerpts(1 year, 9 months ago)
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Peter Dowd (in the Chair)
I will call Kirsten Oswald to move the motion and then the Minister to respond. As is conventional in 30-minute debates, there will not be an opportunity for the Member in charge of the debate to wind up.
Kirsten Oswald (East Renfrewshire) (SNP)
I beg to move,
That this House has considered authorised push payment fraud.
It is a pleasure to serve under your chairship, Mr Dowd. I am pleased to bring forward this debate, because I have had protracted discussions with a business in my constituency that has been targeted by fraudsters, resulting in some of its clients losing thousands of pounds through authorised push payment scams. Those scams deceive an individual into unknowingly transferring funds to a criminal. They now represent the largest type of payment fraud in the UK, both in the number of scams and value of losses.