Article preview: Bank branch staff and the police have managed to prevent £19 million of fraud from taking place in the first half of this year. The Banking Protocol, which is a UK-wide scheme designed to alert local police officers when an attempted fraud is taking place in branch, is behind this impressive statistic. According to UK Finance, the Banking Protocol means the police can visit the branch to investigate the suspected fraud and arrest any suspects who are still on site.
How banks and the police are stopping fraud in its tracks
This 676-word blog post reports on the success of the Banking Protocol in the first half of 2020, stopping fraudsters in the act in bank branches. Written on 10th September 2020.
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