How AFASA Is Reshaping Fraud Prevention in Banking

This ebook explores what AFASA means in practice and the key considerations for banks preparing for a more demanding fraud prevention environment.

What’s changing for banks
AFASA marks a clear shift in accountability. With real-time or near real-time disputed transaction tracking expected by June 2026, banks need to assess whether their fraud controls are ready for regulatory scrutiny.

This ebook will help you:

• Understand the fraud prevention expectations introduced through AFASA and BSP Circular 1213
• Explore the fraud, scam and mule activity challenges facing Philippine banks
• Consider the operational implications of stronger monitoring and authentication requirements
• Prepare for increased regulatory scrutiny and oversight

What’s inside

1. AFASA explained
   The legislation, supporting BSP circulars and the fraud prevention responsibilities placed on financial institutions.
2. The fraud landscape
   The scale of scam activity globally, across APAC and within the Philippines.
3. Fraud and scam typologies
   How key scam and mule activities are defined and why they matter.
4. Strengthening fraud defenses
   The capabilities and controls institutions may need to demonstrate under AFASA.

Download the ebook
Download the ebook to explore what AFASA and BSP Circular 1213 mean for Philippine banks, and how fraud controls may need to adapt.

LexisNexis® Risk Solutions works with financial institutions globally to strengthen fraud and scam prevention across the customer journey.