Not only is APP fraud (a scam where a criminal tricks people into transferring money to them) on the rise, but the options for recovery have until recently looked fairly bleak. Fairbrother and Fredrickson highlight that, in 2023, ‘there were a staggering 232,429 reported cases of APP fraud in the UK, causing some £459.7m of loss to victims’.
They write that, for APP victims, the ‘usual course involves obtaining worldwide freezing orders and ancillary disclosure orders against the recipient bank only to find the stolen funds have long since gone’.
However, the tide may be about to turn. The authors cover the three recent decisions, examine their potential impact on APP cases and explain why the ‘landscape surrounding APP fraud now looks a great deal brighter for victims’.
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