Criminals are making plans to exploit incoming fraud refund rules from the UK payments regulator, City A.M. has learnt, as banks and fintechs warn of harm to consumers if the measures come into force unaltered.

Analysts have voiced concerns that a combination of unprepared firms, less cautious consumers and new ways of claiming money could encourage organised criminal groups to target the UK.

https://www.cityam.com/fraud-refund-plan-scammers/