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Irish central bank official calls for clearer scam rules

Original: NEWS: Irish central bank official urges clearer scam reporting and liability rules

An official at the Central Bank of Ireland has urged clearer rules on how payment scams are reported and on who bears liability when consumers are defrauded. The call points to gaps in current arrangements between banks and victims. It adds Ireland to a wider debate, following the UK, over mandatory reimbursement and consistent scam reporting standards for financial institutions.

Why now: Payment scams are rising across Europe and regulators are under pressure to clarify bank liability, echoing the UK's new reimbursement rules.

Central Bank of IrelandIrish banking sector

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