CPMI puts forward strategy to tackle wholesale payments fraud
The Federal Reserve and the ECB welcome the proposal
The Committee on Payments and Market Infrastructures (CPMI) published a strategy on May 8 to combat wholesale payments fraud globally.
The strategy aims to facilitate and co-ordinate efforts globally to reduce the risks derived from wholesale payments fraud and support financial stability. The main objectives of the initiative are preventing, detecting, responding to and communicating about fraud, the CPMI says.
“Sophisticated fraud incidents in recent years have highlighted the importance of
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