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Banking Fraud Claims

Push payment fraud (also called APP fraud) happens when cybercriminals deceive individuals into sending them money.

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Authorised Push Payment (APP) Fraud

Push payment fraud (also called APP fraud) happens when cybercriminals deceive individuals into sending them money. Because the victim believes the fraudster to be genuine, they authorise the handover of cash. The money is then quickly transferred to different accounts, often abroad, which makes getting it back almost impossible.
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Push payment fraud is a serious crime, and victims can suffer financial loss and distress as well as loss of privacy. But, in many push payment scams, banks are reluctant to compensate. So, people can be left not knowing where to turn.
Types of authorised push payment fraud
Push payment fraud is done in many ways, but the aim is to trick you into thinking you are making a payment to someone you can trust (e.g., bank staff or lawyers).
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Typical push payment scams include:
  • Romance Scams
  • Cryptocurrency Scams
  • Invoicing or Impersonation Scams
  • Trusted Advisor / Brand Impersonation Scams
  • Conveyancing Scams
  • Investment Scams
  • Employment Scams
Reporting authorised push payment fraud to the police.

If you have been the victim of an attempted push payment scam, you should contact Action Fraud ASAP. Action Fraud is the national fraud reporting service. However, if you have lost money as a result of the scam, you must also report it as a crime. You should also inform your bank.

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Can you get your money back after authorised push payment fraud?

Getting your money back from an authorised push payment fraud criminal.If someone is convicted of a cybercrime against you, such as authorised push payment fraud the court may order them to pay you compensation. Where the authorities are not interested in pursuing compensation, or where you do not want to make a criminal case, we can assist with a private prosecution.

However, many factors will determine whether this is possible and how successful you are likely to be. First and foremost, the scammer must be caught, and that is rarely the case. Whether you will get your money back also depends on whether money is available for compensation.

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Getting your money back from a bank.

Historically, banks have avoided paying authorised push payment compensation to victims. However, there are protections to help victims of push payment scams to secure compensation. In fact, your bank can only refuse to reimburse stolen funds where you have shown a very significant degree of carelessness. Where a bank refuses compensation for authorised push payment fraud, you can take your case to the Financial Ombudsman service.
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What’s more, cyber-criminals often get access to your data because the necessary security processes are not in place. If you have become the victim of push payment fraud because of the negligence of your bank (or any other organisation), you may be able to claim compensation.

*Terms and conditions apply. You may be charged if either we or you terminate the agreement early, depending on the circumstances.
Please refer to your Damaged Based Agreement (No-Win-No-Fee) for more details.

Our No-Cost Guarantee

All of our banking fraud claims are handled on a ‘No Win No Fee’ basis, which means that you do not have to worry about any financial risk at all.  If your claim is unsuccessful, it will not cost you anything.*

We appreciate and understand that you are already out of pocket because you have lost money from your bank, so we do not consider it is fair to ask you to risk losing any more money by making a claim.

Why choose us

Discover the Iridium Law difference

At Iridium Law, clients are our primary focus. We deliver consistent, high-quality representation resulting in successful court outcomes. From our first interaction, to the last court appearance, we will provide you with sound advice and comprehensive advocacy.

The Best Possible Outcome

Engaging our expert team of Solicitors will ensure the best possible outcome, often resulting in cases being resolved without the necessity of proceeding to Trial.

No-Nonsense Approach

Our Solicitors will listen to you and understand your situation. During tough times, it’s important to pick the right lawyer who will give you the right advice from the very beginning.

Expert Legal Representation

Our team is highly qualified. It's comprised of experts with many years of combined experience. We're confident that we'll give you the best advice available.

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James Devane is a quite exceptional and formidable lawyer who commands respect and if asked to recommend a lawyer to a friend in trouble I would without hesitation recommend James. He is very bright, tenacious and personable. He recognises the issues in a case very quickly and provides an excellent service in his ability to address those issues. His client care skills aresecond to none. James is all about winning and his approach is open and refreshing.

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At Iridium Law, clients are our primary focus. We deliver consistent, high-quality representation resulting in successful court outcomes. From our first interaction, to the last court appearance, we will provide you with sound advice and comprehensive advocacy.

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