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Santander UK wins lawsuit dismissal over push payment fraud claims

Santander UK has successfully dismissed a lawsuit from CCP Graduate School, which claimed that banks have a responsibility to recover funds lost to fraud. The case arose after CCP Graduate School transferred approximately £415,000 from its Natwest account to a Santander account controlled by fraudsters.
AML Intelligence
British Pound Sterling Santander UK plc Banco Santander, S.A. NatWest Group plc GBR Sam Tobin Show more
Regulatory & Legal, News Article
12:20 26.03.2025

santander uk wins appeal in push payment fraud lawsuit

Santander UK successfully dismissed a lawsuit claiming banks have a duty to recover funds lost in authorized push payment (APP) scams. The case involved CCP Graduate School, which lost £415,000 to fraudsters posing as legitimate beneficiaries. In 2023, over 232,000 APP scam cases were reported in the UK, with new compensation rules set to take effect in October 2024.
marketscreener.com
British Pound Sterling Santander UK plc NatWest Group plc GBR ESP Sam Tobin Susan Fenton
Regulatory & Legal, News Article
08:48 26.03.2025
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