Bank transfer scams are one of the latest tricks being used by fraudsters to con people out of life-changing sums of money. Which? Magazine and Chris Elmore MP joined together to warn consumers to protect themselves from scammers.
Mr Elmore, who has spoken in Parliament more than once about scamming, said “I’m pleased to be able to raise this important information with constituents. Scamming is becoming more sophisticated and we need to be smarter and more careful.”
Evidence gathered by Which? following our super-complaint to the Payments Systems Regulator (PSR) on 23 September has revealed that bank transfer scams have collectively stung 653 people out of a staggering £5.5m.