FATF warns at the 2026 Global Fraud Summit that fraud is now a global, tech-driven criminal economy and urges using its AML toolkit to tackle digital payments and cross-border threats

FATF highlighted that tackling this surge requires practical use of its AML toolkit, including rapid transaction freezing, beneficial ownership transparency, virtual asset tracing, and stronger public-private information sharing, underscoring the need for coordinated global action to effectively disrupt increasingly organised fraud networks. 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…