Jan 19, 2021

Barclays not liable for couple defrauded of £700,000

A bank does not need to compensate a customer who was duped into paying £700,000 to fraudsters, a judge ruled. Fiona Philipp used her Barclays account to transfer two payments of £400,000 and £300,000 to accounts in the United Arab Emirates. The bank said the customer had made the payments willingly. The written judgement from the High Court was published on Monday ruling in favour of Barclays Bank plc. Alexia Knight, for Barclays, said it was "Fanciful" to think that the fraud would have been stopped if the bank had asked more "Safeguarding questions".

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