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"I lost £6k to rogue builders": spotting patterns of fraud

Banks are stepping up measures to prevent their customers from taking out large amounts of cash to pay fraudsters. The joint bank, police and Trading Standards initiative enables branch staff to be more aware of potential fraud situations and provides a standard alert procedure. It's already been tested in London where it resulted in 14 arrests and one conviction, stopping frauds worth nearly £1.5m. A listener explains how he was targeted, and Tony Bonsignore and Lesley Curwen discuss how banks are going to help the current situation.

First broadcast on Money Box, 5 March 2017.

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Duration:

5 minutes

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