A UK official said fraud will be placed at the center of the Financial Action Task Force’s (FATF) two-year agenda, citing an estimated annual scale of $500 billion.
According to NS3.AI, the official, Giles Thomson, outlined a proposed response that includes using larger datasets and expanding real-time information sharing among relevant parties.
The proposal also calls for faster asset recovery efforts and stronger international cooperation to address fraud more effectively.
UK Official Puts Fraud at Center of FATF’s Two-Year Agenda, Citing $500 Billion Annual Scale
2026-07-02 12:07:56
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
