BANKS across the UK must now engage with Confirmation of Payee rules introduced in 2020 to provide more protection for financial consumers. Despite the efforts, warnings have emerged that more work is needed on combatting fraudulent activity.
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Bank payment warning: Confirmation of Payee 'not foolproof' - action on fraud needed
![Bank payment warning: Confirmation of Payee 'not foolproof' - action on fraud needed]()
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