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Evening Standard
Evening Standard
Vicky Shaw

Banks missing opportunities to ‘break spell’ of romance scams, says regulator

FCA
The Financial Conduct Authority has set out measures it says banks and payment firms could take to better protect their customers (Dominic Lipinski/PA) - (PA Archive)

Banks have sometimes missed opportunities to help “break the spell” of romance scams, according to the City regulator.

The Financial Conduct Authority (FCA) said it had seen examples of banks going to significant lengths to protect those at risk of romance fraud.

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