Anna Lewis-Martinez

Jan 13, 2025 | jdsupra.com | Rory Copeland |Rhiannon Jones |Anna Lewis-Martinez

The UK’s Authorised Push Payment (APP) Fraud Reimbursement Scheme came into force on October 7, 2024. It requires in-scope payment service providers (PSPs) sending payments through either the Faster Payment System (FPS) or the Clearing House Automated Payment System (CHAPS) to reimburse their customers if they are the victim of an APP scam, subject to certain exceptions. Broadly, the cost of that reimbursement is shared equally between the sending and receiving PSPs.What is APP fraud?

Jan 11, 2025 | jdsupra.com | Rory Copeland |Rhiannon Jones |Anna Lewis-Martinez

The UK’s Authorised Push Payment (APP) Fraud Reimbursement Scheme came into force on October 7, 2024. It requires in-scope payment service providers (PSPs) sending payments through either the Faster Payment System (FPS) or the Clearing House Automated Payment System (CHAPS) to reimburse their customers if they are the victim of an APP scam, subject to certain exceptions. Broadly, the cost of that reimbursement is shared equally between the sending and receiving PSPs.What is APP fraud?

Jul 17, 2024 | lexology.com | Anna Lewis-Martinez |Carole Schmidt |Alice Brennan

On 5 July, the European Banking Authority (EBA) published a statement on the application of the Markets in Crypto-assets Regulation (MiCAR) to issuers of asset-referenced tokens (ARTs) and e-money tokens (EMTs), along with a document setting out the key topics for supervisory attention across the EU for issuers of ARTs/EMTs in 2024/2025. Both documents aim to promote the timely and consistent application of MiCAR. The MiCAR ART/EMT regime has applied since 30 June 2024.