Payments: Fraud
Commons · Question 6733 · Tabled 4 Jun 2026 · Treasury · Official record
Answered 11 Jun 2026
Question
Asked by Damian Hinds
To ask the Chancellor of the Exchequer, what assessment she has made of the effectiveness of use of The Payment Services (Amendment) Regulations 2024.
Answer
Answered by Rachel Blake, 11 Jun 2026
The Payment Services (Amendment) Regulations 2024 allows payment service providers to delay the execution of certain payment transactions by an additional 72 hours where there are reasonable grounds to suspect fraud or dishonesty, and where more time is n...