© UNODC

Vienna, 18 March 2026 – This week, the Financial Action Task Force participated in the Global Fraud Summit hosted by INTERPOL and the UN Office on Drugs and Crime (UNODC) to discuss the rapidly evolving threat of fraud, and ways forward in tackling it.

FATF President Elisa de Anda Madrazo said: “We see fraud growing in scale, sophistication, and impact. It is no longer a series of isolated criminal acts. It has evolved into a global, organised, technologically enabled criminal economy—one that exploits instant payments, manipulates social engineering at industrial scale, and leverages cross‑border digital platforms to target victims everywhere.”

To encourage concrete action to respond to these growing threats, the FATF hosted a side event Stopping Fraud with the FATF Anti-Money Laundering Toolkit, moderated by FATF Vice President, Giles Thomson.

The session brought together leading experts from around the world: Nadine Schwarz (Deputy Division Chief at IMF), Daniel Thelesklaf (Head of FIU Germany and Vice Chair of the Egmont Group), Suliman Aljabrin (Executive Secretary of MENAFATF), Mitsutoshi Kajikawa (Deputy Vice Minister of Finance for International Affairs in Japan and APG Co-chair), and Nicholas Court (Assistant Director, Financial Crime and Anti-Corruption at INTERPOL).

The panel explored how anti-money laundering (AML) measures — from rapid transaction freezing and beneficial ownership transparency to virtual asset tracing and public-private information sharing — are being deployed in practice to disrupt fraud.

Download our explainer to learn more about how the FATF Standards equip countries with the tools they need to fight fraud.