GovWire

The Home Secretary is hosting the Global Fraud Summit from 11 to 12 March 2024.

The summit is being attended by ministers and representatives from the Five Eyes countries (Australia, Canada, New Zealand, the US and the UK), G7, Singapore and Republic of Korea alongside INTERPOL, UNODC, FATF and the European Union.

As part of the summit, ministers have signed up to a communiqu which sets out an agreed global framework to tackle fraud and declares that fraud is an increasing transnational threat.

The communiqu has 4 key pillars:

• pillar 1: building international understanding of the domestic and international fraud threat
• pillar 2: empowering the public by aligning and enhancing global messaging on fraud and driving forward global co-ordination of returning lost funds
• pillar 3: pursuing fraudsters acting transnationally by coordinating and increasing international law enforcement activity
• pillar 4: recognising the role of industry in the fraud response and encouraging strong collaboration both with the public sector and cross-sector