Fraud: Victims
Commons · Question 902986 · Tabled 26 Feb 2025 · Treasury · Official record
Answered 4 Mar 2025
Question
Asked by Wera Hobhouse
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.
Answer
Answered by Emma Reynolds, 4 Mar 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 hi...