March 18, 2010
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Local Lib Dem Euro MP Liz Lynne has welcomed a pledge from the European Commission that they will seek to close a loophole in cheque-cashing policy that has led to Britons abroad being defrauded by millions of pounds.
In several EU countries it is still possible to cash a cheque into a personal account when it has been made out to a business. People can do this by simply signing the back of the cheque. This was banned in the UK in 2006, but there are no common European rules……. http://bit.ly/aLZBNr
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