What are the measures against fraudulent transactions?

Apr 30, 2024

Is there regulation in place for TPPs?

Will there be any blacklist kept in place for this?

The transactions are made and controlled ultimately by the banks. The TPPs can only initiate; therefore, BAU bank controls for fraud, and AML will apply.

The Standard will also provide the capability for TPPs to provide a Risk Information Block which will include additional information in relation to each Service Initiation request and will allow LFIs to run additional risk profiling processes.