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‘We lost £120,000 in an email scam but the banks won’t help get it back’ | Money | The Guardian

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Lloyds, which took eight hours to make the payment, did not carry out any checks to ensure the name of the firm to which the payment was to be made matched the account numbers,

From ‘We lost £120,000 in an email scam but the banks won’t help get it back’ | Money | The Guardian

Neither Lloyds, nor any other bank do this. That’s just how the system works: the account name is an attribute, not an identifier.

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