INTERPOL-UNODC Global Fraud Summit calls for stronger international action against rising fraud
Date: 2026-03-18
By: Nana Appiah Acquaye
The
Global Fraud Summit, co-hosted by INTERPOL and the United Nations Office on
Drugs and Crime (UNODC), has concluded with urgent calls for enhanced global
cooperation to combat the rapid rise of fraud, one of the fastest-growing forms
of transnational crime.
Held
over two days, the summit brought together more than 1,300 participants from
governments, law enforcement, technology firms, financial institutions, and
civil society. Discussions highlighted how technological advances, including
generative AI and deepfake tools, have enabled criminals to impersonate trusted
individuals and defraud victims with increasing sophistication.
INTERPOL’s
Executive Director of Partnerships and Planning, Darrin Jones, emphasized the
scale of the problem, noting that fraud affects millions worldwide and
generates significant illicit profits for organized criminal networks. Global
losses from organized fraud and scams are estimated at USD 442 billion,
according to the Global Anti-Scam Alliance.
The
summit concluded with concrete commitments from representatives of 47 countries
and organizations to strengthen collaboration, disrupt criminal networks, and
implement measures to prevent fraud. The second edition of INTERPOL’s Global
Financial Fraud Threat Assessment was also published during the event,
providing insights to guide future action.
