Upcoming events

Annual General Meeting
17th June 2024
Lisbon, Portugal
EBAday 2024
18th - 19th June 2024
Lisbon, Portugal
GASA Global Anti-Scam Alliance Summit
Cooperation between Banks. A panel with Meral Ruesing, EBA
25th June 2024
Brussels and Online

Latest news

Jun 05th

Euro Banking Association issues updated version 5.0 of the EBA Fraud Taxonomy capturing latest trends in payment fraud

The Euro Banking Association (EBA) today issued version 5.0 of the EBA Fraud Taxonomy, which will take effect on 1 January 2025. The taxonomy offers a common pan-European vocabulary and categorisation approach to describe fraud scenarios related to all kinds of payments, including card transactions. It has been developed by the Association’s Expert Group on Payment Fraud-related Topics (EGPF) representing financial institutions from 15 European countries.

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May 02nd

Euro Banking Association publishes paper on identification of Politically Exposed Persons (PEPs)

The Euro Banking Association (EBA) announced today the publication of recommendations aimed at improving Know Your Customer (KYC) practices in the corporate-to-bank domain across Europe with regard to the identification and handling of Politically Exposed Persons (PEPs), their family members and close associates.

The new publication by the EBA Expert Group on KYC-related Topics (KYCEG) titled “EBA CBCS – Identification of Politically Exposed Persons (PEPs) in the corporate-to-bank KYC process” is part of the Common Baseline Classification Standard recommendations series and available for download on the EBA website.

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Apr 12th

EBA contributes articles to latest edition of Journal of Payments Strategy & Systems

Volume 18 Number 1 of the Journal of Payments & Strategy Systems by Henry Stewart Publications contains two peer-reviewed articles by the EBA. In "A pan-European fraud taxonomy: Do you speak fraud?", Annick Moes and Meral Ruesing make the case for harmonising fragmented fraud terminologies and PSP-internal reporting requirements. Thomas Egner co-authored the article "Know your customer: Unravelling the challenges" which explores how EU member states can make a joint effort to help the financial industry prevent money laundering and combat the financing of terrorism more efficiently.