Anti-Fraud Guard Network

CUB has established a cross-departmental Anti-Fraud Taskforce in July 2023, bringing together expertise from various departments to create a comprehensive anti-fraud governance structure. With an integrative anti-fraud mindset, the Taskforce designed a blueprint for fraud prevention, formulated comprehensive strategies and management goals, and leveraged integrated data technology and staff empowerment through the "Cathay Shield." This framework incorporates four key components - "Knowledge Shield, Technology Shield, Care Shield, and Alliance Shield"- to establish a collaborative defense mechanism that strengthens fraud detection and prevention capabilities, creating a protective network to combat fraud. This Taskforce regularly reports its achievements to the Anti-Money Laundering and Counter Financing Terrorism Committee and the Treating Customers Fairly Committee, evaluates the effectiveness of anti-fraud measures, and continuously refines anti-fraud strategies.