• Not a Guarantee: While CoP is a valuable tool, it's not infallible. It's essential to remain vigilant and exercise caution when making payments, especially to unfamiliar recipients.
• Opt-Out Option: Some individuals may choose to opt out of CoP. However, this can limit the
protection offered by the service.
• Staying Informed: Stay updated on the latest information on fraud an financial crime, and
guidance regarding CoP from us and other financial institutions. By understanding the principles and implications of Confirmation of Payee, you can make more informed decisions and protect yourself from potential financial risks.