In an effort to help authorized push payment (APP) fraud victims, The U.K.’s Financial Conduct Authority (FCA) unveiled new rules on Friday (Dec. 14). As a result, additional banks or payment services providers (PSPs) may have to compensate victims of those kinds of scams,Financial Times reported.

https://www.pymnts.com/news/regulation/2018/uk-regulator-push-payment-fraud-scams/