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Written question asked by Anneliese Dodds (Labour) on Thursday, 22 July 2021, in the House of Commons. It was due for an answer on Monday, 6 September 2021 (named day). It was answered by John Glen (Conservative) on Monday, 6 September 2021 on behalf of the Treasury.

Banks: Forgery

Question

To ask the Chancellor of the Exchequer, how many meetings his Department has had with the Bank Signature Forgery Campaign on bank signature forgeries in the last three years.

Answer

Treasury ministers and officials engage with a number of organisations and stakeholders on a variety of policy issues.

The Government expects all companies to obey the law and relevant regulations. Anyone with evidence of forgery taking place should report it to their bank in the first instance. If their concerns remain, or they do not have a direct relationship with the lender, they should report it to the relevant authorities.

The Financial Conduct Authority (FCA) requires all authorised firms to have systems and controls in place to mitigate the risk that they be used to commit financial crime. Whilst the police have primary responsibility for investigating fraud the FCA also has powers to take a variety of enforcement action against firms that carry out fraudulent activity.

Secondary information

Type
Written question
Reference
38412
Session
2021-22
Grouped for answer
Yes
Subjects
Consumers Banks Forgery Personation
Contains statistics
Yes
Link
View this Written question on www.parliament.uk