The association, which represents more than 230 member banks, said it will be, “sharing real-time intelligence from law enforcement agencies with banks to help them combat financial crimes.”
The BBA made the announcement while commenting on the launch of the Joint Fraud Taskforce which was revealed by the Home Secretary.
Anthony Browne, Chief Executive of the BBA, said tackling fraud was a top priority for the banking industry.
“Customers and businesses rightly expect high levels of security whether they bank online or in person,” said Anthony.
“The Joint Taskforce demonstrates that banks, government and law enforcement agencies are working closely together to combat financial crime.
“Fraudsters are constantly adopting new tactics so it is critical that we join forces to stop them ripping off individuals and businesses.”
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