Authorised Payment Fraud: Approaches to Policy-Design and Governance
Providing practical guidance for policymakers setting up an anti-fraud agenda tailored to their respective risks, resources and capabilities.
Overview
Authorised payment fraud has surged in recent years, driven by the proliferation of instant payment systems, digital platforms, and telecom-enabled scams. In the absence of clear global standards, policymakers face the challenge of designing effective interventions suited to their respective resource and capacity constraints.
This project provides the tools to help policymakers identify their risk profile and relevant interventions to set up anti-fraud strategies tailored to their jurisdiction’s context.
Related programme and topics
Project team
Georgia Jones
Research Analyst/Project Officer, CFS
Centre for Finance and Security
Olivier Kraft
RUSI Associate Fellow, CFS
Poornima Subramaniam: Director, Puzzlebox Solutions
Aims and objectives
This project adopts a systems-thinking approach to provide policymakers with a holistic understanding of what constitutes a well-designed anti-fraud system.Â
It seeks to identify the cross-cutting enablers essential to success (such as legislation, data-sharing arrangements, governance structures, and funding mechanisms) and to distil and translate lessons from extant anti-fraud policies worldwide. In doing so, it aims to bridge the gap between existing policy frameworks and the evolving fraud landscape, with particular attention to the needs of jurisdictions setting up their anti-fraud agendas.
Project outputs
Project outputs will consist of a Research Paper providing practical guidance for policymakers as well as an accompanying podcast episode and an event discussing authorised payment fraud.