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Authorised Push Payment fraud has moved from the fringes of fraud reporting to the centre of regulatory attention. With the UK's Payment Systems Regulator now enforcing 50-50 liability sharing between sending and receiving payment service providers, and similar consumer-protection proposals under active consideration in the EU and across Asia-Pacific, financial institutions face a structural shift in how fraud losses are allocated. Controls built for an era of caveat-emptor p

Reimbursement reform has changed the economics of Authorised Push Payment fraud, but it has not changed the underlying scam. With sending and receiving banks now sharing liability across an expanding set of jurisdictions, the strategic question for fraud leaders is no longer whether to reimburse — it is how to disrupt scams in real time before the money moves.

The Wolfsberg Group's 2026 refresh of its core principles signals the most substantive evolution in correspondent banking guidance in several years. The update consolidates lessons from recent enforcement actions, recognises the operational reality of cross-border payment modernisation, and pushes member banks toward more risk-sensitive, data-driven due diligence. The implications extend well beyond the thirteen Wolfsberg members. Because non-member banks typically adopt Wolf