The Euro Banking Association (EBA) today issued version 6.0 of the EBA Fraud Taxonomy, which will take effect on 1 January 2026. The taxonomy is reviewed on an annual basis with the support of fraud fighters from financial institutions across Europe. The aim of this process is to ensure that the taxonomy continues to fit the changing needs of fraud experts in Europe and beyond.

Version 6.0 has been updated to reflect latest fraud trends identified by the experts participating in the Association’s Expert Group on Payment Fraud-related Topics (EGPF), which has developed the EBA Fraud Taxonomy. The updates included in version 6.0 focus on further clarifying key concepts of the taxonomy by e.g.

• updating a few existing definitions,
• introducing one new modus (‘Impersonation of person with authority to instruct payments’) and
• introducing a limited number of new labels/tags.

An overview of the changes introduced into version 6.0 is set out in the Annex of the document.

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 supports creating a pan-European ecosystem for sharing fraud data and intelligence.

The EBA Fraud Taxonomy version 6.0 is available to any interested party via the EBA website.

To learn more about the EBA Fraud Taxonomy, click here.

Download the Report of the Board to learn more about the EBA's activities in 2024.

The EBA Expert Group on Cross-Border Payments (EGXP) calls on PSPs to make themselves reachable via the One-Leg-Out Instant Credit Transfer (OCT Inst) Scheme of the European Payments Council. The group recommends that PSPs begin resource planning with the goal to start implementation in 2026.

In time for EBAday 2025, the EGXP released a sneak preview into the key reasons why OCT should be implemented and an outline of how this should be done.

Take a look

A detailed white paper will follow after the summer.