Two Reports have been published recently on Payment Fraud across the EU/EEA with data for 29 countries from the ECB & EBA. They provide key insights and also can be used to compare where EU/EEA countries are compared with some other important third countries, like Australia, the UK & USA.
They also help provide estimates as to which countries can be considered payment fraud hotspots and to suggest what action can be taken to improve the response including mandatory fraud information sharing.
Both these reports show the importance of identifying, collecting, analysing and reporting on relevant data for probably the most common and over the last decade the fastest growing financial crime, which allows for evidence led judgements and necessary targeted recommendations and actions from policy makers and for those in the private sector tackling payment fraud.
The post EU/EEA Payment Fraud – The Good the Bad and the Ugly appeared first on Financial Crime News.
