The Financial Action Task Force (FATF) participated in the UN Office on Drugs and Crime and INTERPOL Global Fraud Summit, focusing on the rapidly evolving threat of fraud and approaches to tackling it. FATF President Elisa de Anda Madrazo framed fraud as a growing, organised and technologically enabled criminal economy that exploits instant payments, industrial-scale social engineering and cross-border digital platforms. To support more concrete responses, FATF hosted a side event titled "Stopping Fraud with the FATF Anti-Money Laundering Toolkit", moderated by FATF Vice President Giles Thomson, with panellists from the International Monetary Fund, Germany’s Financial Intelligence Unit and the Egmont Group, MENAFATF, Japan’s Ministry of Finance and the Asia/Pacific Group on Money Laundering, and INTERPOL. Discussion centred on the practical use of anti-money laundering measures to disrupt fraud, including rapid transaction freezing, beneficial ownership transparency, virtual asset tracing and public-private information sharing, alongside an FATF explainer on how its Standards can be used to fight fraud.
Financial Action Task Force 2026-03-18
Financial Action Task Force promotes AML toolkit to disrupt fraud at UNODC-INTERPOL Global Fraud Summit
The Financial Action Task Force (FATF) participated in the UN Office on Drugs and Crime and INTERPOL Global Fraud Summit, highlighting the growing threat of technologically enabled fraud. FATF hosted a side event on using its Anti-Money Laundering Toolkit to combat fraud, featuring discussions on transaction freezing, beneficial ownership transparency, virtual asset tracing, and public-private information sharing.