UK Announces New Measures to Tackle Global Fraud and Online Scams

Key developments include:

➡️ Faster intelligence-sharing: Partners will share intelligence quicker to identify fraud operations spanning multiple countries, including scam centres;

➡️ Industry recommendations: Telecommunications providers, technology companies and financial institutions (FIs) will work with partners to develop recommendations strengthening industry action against online scams and financial crime; and

➡️ Cross-border focus: The measures respond to organised crime groups increasingly exploiting global communications networks, digital platforms and financial systems to target victims across jurisdictions.

✅ Financial institutions, technology companies and telecommunications providers should prepare to engage with the forthcoming UK-led industry recommendations, review their capability to identify and disrupt fraud typologies linked to scam centres, and support intelligence-sharing initiatives connected to the INTERPOL Global Fraud Taskforce.

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