Payments: Fraud
Commons · Question 6734 · Tabled 4 Jun 2026 · Treasury · Official record
Answered 11 Jun 2026
Question
Asked by Damian Hinds
To ask the Chancellor of the Exchequer, whether her Department holds data on how many times in 2025 the provisions of the Payment Services (Amendment) Regulations 2024 were used; and what estimate she has made of the (a) number and (b) value of attempted
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...