Fraud Victim Loses Supreme Court Case Against Barclays Over £700,000 Scam

Fraud Victim Loses Supreme Court Case Against Barclays Over £700,000 Scam
Signage on a branch of Barclays Bank in London on March 17, 2023. Peter Nicholls/Reuters
Lily Zhou
Updated:
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Barclays can’t be held responsible for a customer’s request to transfer £700,000 to fraudsters, the Supreme Court ruled in a closely watched case.

A lawyer said the landmark ruling may have stopped “a flood of litigation” against banks by victims of Authorised Push Payment (APP) fraud, which has become one of the most significant types of fraud in the UK and globally.