INTERPOL closed its Global Fraud Summit in Vienna, co-hosted with the United Nations Office on Drugs and Crime, with calls for stronger cross-border cooperation to combat increasingly sophisticated organized fraud and scams. The event also marked the publication of the second edition of INTERPOL’s Global Financial Fraud Threat Assessment. Discussions focused on how rapid technological advances, including generative AI-enabled deepfake video, images, audio and chatbots, are expanding criminals’ ability to impersonate trusted individuals and defraud victims. INTERPOL framed fraud as a fast-growing form of transnational organized crime generating substantial illicit profits, while the Global Anti-Scam Alliance estimate of USD 442 billion in global losses from organized fraud and scams was cited to illustrate scale. More than 1,300 participants from government, law enforcement, technology firms, financial institutions and civil society attended, with support from Canada, Singapore and the United Kingdom. The summit concluded with “concrete commitments” to strengthen cooperation and disrupt enabling systems for fraud, with representatives from 47 countries and organizations pledging specific actions and agreeing to report on progress as initiatives move forward.
INTERPOL 2026-03-17
INTERPOL closes Global Fraud Summit with cooperation pledges from 47 countries and publishes updated Global Financial Fraud Threat Assessment
INTERPOL's Global Fraud Summit in Vienna, co-hosted with the UN Office on Drugs and Crime, emphasized stronger cross-border cooperation against organized fraud. The summit highlighted technological advances, like generative AI, in expanding criminal capabilities and cited a USD 442 billion estimate in global fraud losses. Representatives from 47 countries and organizations committed to actions to enhance cooperation and disrupt fraud systems.