Oireachtas Joint and Select Committees
Wednesday, 24 May 2023
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Authorised Push Payments Fraud: Banking and Payments Federation Ireland
Rose Conway-Walsh (Mayo, Sinn Fein) | Oireachtas source
Fraud involving authorised payments is reported less than that involving unauthorised payments. In the first example I gave, an individual contacted a bank and by going through the individual's transactions, it was determined how the fraud was conducted. The individual did not report it to the Garda, because the individual knew he or she was not entitled to get his or her money back. Is that information recorded anywhere by the industry, or is it lost, because it is not reported to the authorities?
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