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.
Answered on
4 March 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 high standards.
The FCA also removes fraudulent adverts, tackles investment and authorised push-payment fraud, and raises consumer awareness.
Answered by
Treasury
Named day
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