Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what changes to procedures she has made following the investigation by law enforcement agencies into fraudulent transactions made on the Royal Mint website since 2022.

As outlined in The Royal Mint Trading Fund’s Annual Reports and Accounts for 2022-23, an external fraud incident occurred impacting The Royal Mint. A small number of fraudulent transactions were made on the Royal Mint’s website. The incident did not impact Royal Mint customers details and there was no risk to customer data.

The Royal Mint continually make changes to their anti-fraud procedures, reflecting the dynamic nature of the external fraud landscape.

As shareholder of The Royal Mint, HM Treasury are regularly updated on risk controls and have been supporting the strengthening of these processes and procedures.