ISO 20022 reason code · pacs.002 · camt.056

FRADFraudulent origin

What does reason code FRAD mean?

Fraudulent origin. Cancellation requested following a transaction that was originated fraudulently. The use of the FraudulentOrigin code should be governed by jurisdictions.

Code
FRAD
Group
Recall & investigation
Used in
pacs.002 (reject or status report), camt.056 (recall (cancellation request))

What to do when you receive FRAD

  • The payer's bank asks for the money back because the payment was fraudulent.
  • Freeze the funds on receipt while the recall is assessed, as your fraud procedures require.

In SEPA

One of the SCT bank-initiated recall reasons, with DUPL and TECH.

Definition by message

MessageISO 20022 definition
pacs.002Cancellation requested following a transaction that was originated fraudulently. The use of the FraudulentOrigin code should be governed by jurisdictions.TxInfAndSts/StsRsnInf/Rsn/Cd
camt.056Cancellation requested following a transaction that was originated fraudulently. The use of the FraudulentOrigin code should be governed by jurisdictions.Undrlyg/TxInf/CxlRsnInf/Rsn/Cd

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