Fraud: Victims

(asked on 26th February 2025) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what recent assessment she has made of the adequacy of Financial Conduct Authority support for victims of financial fraud.


Answered by
Emma Reynolds Portrait
Emma Reynolds
Economic Secretary (HM Treasury)
This question was answered on 4th March 2025

The FCA plays a crucial role in combating fraud, working to ensure firms have robust systems to prevent fraud and protect consumers.

It authorises and supervises firms offering regulated financial services, so consumers can trust firms are being held to high standards.

The FCA also removes fraudulent adverts, tackles investment and authorised push-payment fraud, and raises consumer awareness.

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