Oireachtas Joint and Select Committees

Wednesday, 31 May 2023

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Authorised Push Payments Fraud: Discussion (Resumed)

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein) | Oireachtas source

I am trying to figure this out. If someone is a victim of investment fraud, romance fraud or accommodation fraud, having bought a holiday that was fraudulent, and is out of pocket by €4,000 or €5,000, the bank will not reimburse that. If it is romance fraud, the amount could be €20,000. We have seen people putting €60,000 into fraudulent investments.

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