Question to the Home Office:
To ask the Secretary of State for the Home Department, what recent discussions his Department has had with banks on the retrospective application of the Authorised Push Payment Scams voluntary code.
A new industry voluntary Contingent Reimbursement Model Code for Authorised Push Payment Scam was introduced on 28 May 2019.
Customers of those payment service providers that are signatories are protected under the Code from this date. At the outset of the design of the Code, the steering group stated that it will only apply to APP scams occurring after its implementation.