FATF report outlines practical approaches to disrupting scam compounds

The Financial Action Task ForceFATFFATF is an intergovernmental organization that sets international standards for combating money laundering and terrorist financing and assesses how countries implement them. (FATF) has published a report describing practical approaches to disrupting scam compounds, that is, organised fraud structures. Finextra reports.

According to the FATF, the rate of fraud has grown in recent years. The organisation links this to increased online exposure, the development of digital technologies and the aftermath of the Covid-19 pandemic.

Only an announcement of the report is available, so the specific measures and recommendations it proposes are not covered in this article. The full text is worth reviewing separately.