{"id":21392,"date":"2016-07-30T13:00:26","date_gmt":"2016-07-30T06:00:26","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/action-at-last-on-bank-transfers-to-make-them-safer\/"},"modified":"2016-07-30T13:08:56","modified_gmt":"2016-07-30T06:08:56","slug":"action-at-last-on-bank-transfers-to-make-them-safer","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/action-at-last-on-bank-transfers-to-make-them-safer\/","title":{"rendered":"Action at last on bank transfers to make them safer"},"content":{"rendered":"<p>&#013;<br \/>\nFinancial authorities have finally proposed introducing a \u2018confirmation of payee capability\u2019 to the payments system, likely requiring some form of ID Guardian Money has long argued that UK bank transfers need some simple but important reforms that would stop a great deal of bank fraud in its tracks, but the financial authorities have failed to respond \u2013 until now.As things stand, you can put any name into a money transfer request (even Mickey Mouse) and the payment will go through as long as the sort code and account number match up. Continue reading&#8230;&#013;<br \/>\n&#013;<br \/>\nSource : theguardian.com&#013;<br \/>\nRead more&#8230;<a href=\"https:\/\/www.theguardian.com\/money\/2016\/jul\/30\/action-bank-transfers-safer\" target=\"_blank\">Action at last on bank transfers to make them safer<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#013; Financial authorities have finally proposed introducing a \u2018confirmation of payee capability\u2019 to the payments system,&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-21392","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-5z2","jetpack-related-posts":[{"id":26352,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/qa-faster-bank-transfers\/","url_meta":{"origin":21392,"position":0},"title":"Q&amp;A: Faster bank transfers","date":"May 27, 2008","format":false,"excerpt":"\r From today, bank customers will be able to transfer money into someone else's account within two hours using internet or telephone banking services. The Faster Payments Service will mean an end to waiting up to a week for money to move from one account to another. Continue reading...\r \r\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":76874,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dubais-biggest-bank-defends-blocking-some-cryptocurrency-transfers\/","url_meta":{"origin":21392,"position":1},"title":"Dubai&#039;s biggest bank defends blocking some cryptocurrency transfers","date":"January 16, 2018","format":false,"excerpt":"\r BitOasis calls action by Emirates NBD 'unfortunate' as it sees big increase in demand for services across GCC\r \r Source : arabianbusiness.com\r Read more...Dubai's biggest bank defends blocking some cryptocurrency transfers","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":51308,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/revealed-the-huge-profits-earned-by-big-banks-on-overseas-money-transfers\/","url_meta":{"origin":21392,"position":2},"title":"Revealed: the huge profits earned by big banks on overseas money transfers","date":"April 8, 2017","format":false,"excerpt":"\r An internal Santander memo leaked to Guardian Money says 10% of its global profits come from international cash transfers, and it charges six times more than newer rivalsWhen senior Santander executives gathered in the principality of Andorra in January this year, the bank\u2019s \u201cinnovation director\u201d warned that a large\u2026","rel":"","context":"In &quot;Property 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News&quot;","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2025\/06\/Central-Bank-Of-The-UAE_CBUAE-1000x667-3.jpg?fit=1000%2C667&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":140507,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/trump-financial-watchdog-tells-judge-about-40-million-in-previously-unreported-transfers\/","url_meta":{"origin":21392,"position":4},"title":"Trump financial watchdog tells judge about $40 million in previously unreported transfers","date":"November 30, 2023","format":false,"excerpt":"\r The Trump Organization is under financial monitoring as part of a lawsuit by the New York Attorney General against Donald Trump, the firm, and two sons.\r \r Source : cnbc.com\r Read more...Trump financial watchdog tells judge about million in previously unreported transfers","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":134485,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/bank-of-mum-and-dad-stoking-britains-rising-inequality-warns-report\/","url_meta":{"origin":21392,"position":5},"title":"\u2018Bank of mum and dad\u2019 stoking Britain\u2019s rising inequality, warns report","date":"February 13, 2023","format":false,"excerpt":"\r Billions in gifts or loans given when children are in early adulthood and buying first home or getting marriedBillions of pounds loaned by the \u201cbank of mum and dad\u201d to help with property purchases and to boost the finances of newly married offspring are helping to fuel rising levels\u2026","rel":"","context":"In &quot;Property 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