The Central Means of Payment Antifraud Office (UCAMP) publishes two reports:
- statistical report on euro counterfeiting;
- statistical report on payment card fraud.
- The statistical report on euro counterfeiting reviews the phenomenon in its entirety, using data and information on cases of suspected counterfeiting of banknotes and coins, supplying analyses from various perspectives, and using multiple indicators. It is published twice each year: the mid-year report presents the statistical data on counterfeiting of the euro during the first six months of the year, the year-end report supplies statistical analysis with reference to the entire year. The analysis is based on the reports submitted by persons managing cash who send data and information concerning suspected cases of counterfeiting. Such information is analyzed with reference to their overall numerical consistency, their distribution over time (with a level of detail measured by month), the breakdown by reporting entity and their geographic location, broken down by territorial areas. Comparisons with prior periods are also done, while benchmarks are provided with reference to trend lines. The analysis regards the aggregate number of banknotes and coins withdrawn from circulation, subdivided by the denomination of each bill or coin, which is followed by an immediate comparison between the number of reports received by UCAMP and the quantity of communications contained in them, broken down by month. The analysis continues with the indexing of the money suspected of counterfeiting, according to the cash manager who identified it and its geo-location is indicated on a scale that starts from a macro area and ends up at the level of the region or province. Finally, the report also supplies data related to the appraisals carried out by the Bank of Italy (for banknotes) and State Institute of Printing and Minting (for coins); UCAMP maintains a very close working relationship with both institutions.
- The statistical report on payment card fraud is done through analysis of the data extracted from the Information System for the Administrative Prevention of Payment Card Fraud (SIPAF). SIPAF is the archive set up pursuant to Law no. 166 of 17 August 2005; it is owned by the MEF - Department of the Treasury, and all data related to payment card fraud flow into it. The entities contributing data to the archive are companies, banks and financial intermediaries that issue payment cards and manage commercial networks that accept the cards. The SIPAF archive consists of two sections (Data and Information), and it is supplied with the following types of data input directly by the reporting entities:
- The Data section manages the reporting of events referring to objective, established facts that have already occurred in relation to: points of sale whose POS agreements have been revoked, points of sale whose POS agreements have been reinstated; transactions not known to the payment card holders; and ATMs that have been tampered with;
- The Information section manages the events referring to facts not yet established and in the process of being monitored by the reporting entities in relation to potential suspects of fraud in process.
The publication is aimed at providing a snapshot of payment card fraud in Italy so as to allow anyone interested in getting more information to understand the extent of the phenomenon and the activity carried out by the Department of the Treasury, and specifically, by UCAMP. Other objectives of the publication include making consumers more aware and informed, and more importantly, providing incentives for the use of payment cards. The report contains statistical analysis of four distinct phenomena:
- the fraud effected via payment cards;
- the reporting of the categories of merchandise involved;
- the revocation of POS agreements with points of sale for security reasons;
- the tampering with ATMs.
The report also has a section in which Italy's results are compared with those of other European and non-European countries.
The data used in the report are sourced from the SIPAF archive and the Bank of Italy, the latter of which supplies updated and detailed information about total transaction volumes, commercial establishments using POS terminals, and active ATM.