Singapore and 10 other countries endorse communique to tackle scams

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The communique endorsed by Singapore and 10 other countries on Monday (March 11) in London at the inaugural Global Fraud Summit signals a high level commitment to tackle scams, Second Minister for Home Affairs Josephine Teo said on Wednesday. There is widespread acknowledgement that fraud is a global problem, she told reporters via video call after the two-day event, which involved governments, regulators, non-profit groups and industry representatives. The communique included commitments to explore ways to improve the recovery of fraudulently acquired funds across jurisdictions.

The communique endorsed by Singapore and 10 other countries on Monday (March 11) in London at the inaugural Global Fraud Summit signals a high level commitment to tackle scams, Second Minister for Home Affairs Josephine Teo said on Wednesday. There is widespread acknowledgement that fraud is a global problem, she told reporters via video call after the two-day event, which involved governments, regulators, non-profit groups and industry representatives.

The communique included commitments to explore ways to improve the recovery of fraudulently acquired funds across jurisdictions

Singapore Countries Communique Scams Fraud Global Fraud Summit Commitment Tackle Recovery Funds Jurisdictions

 

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