Regulatory Alerts2022-11-09
Payment Fraud Reporting Regulation (ZBMV)
The Austrian Financial Market Authority mandates payment service providers to submit semi-annual statistical reports detailing fraud cases across credit transfers, direct debits, and card-based payment instruments. These filings must be submitted to the Oesterreichische Nationalbank by 30 June and 31 December, utilizing a standardized annex format or existing Data Model Regulation submissions. The regulation requires detailed breakdowns of fraudulent transactions by authentication method, fraud type, and liability bearer, with the first reporting period commencing on 30 June 2022.
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