The financial industry is confronted with a silent foe that spreads with the frequency of an engine. What was once a secondary issue has turned into an irresistible "epidemic" in just 24 months: scam poses the biggest threat to financial balance and the security of the citizens. Following the conclusion of the Financial Action Task Force's full program in Mexico City, Elisa de Anda Madrazo, chairman of the organization, put this in perspective. The official was right to describe a situation where thieves no longer require weapons but instead rely on an internet connection to grab millions of their savings. In a simulated conference, she noted that the effects of the fraud epidemic extend beyond financial losses and include public trust, financial stability, and digital security. She cited figures from the International Anti-Scam Alliance to demonstrate the extent of the issue, which estimates that half of all consumers worldwide experience at least one attempted rip-off every month. He added that in the previous year, fraud-related global losses would have totaled$ 1 trillion.

Mexico still holds a strong dedication to the FATF.

At the Fifth Plenary Meeting of the international business, Mexico's Secretary of Finance, Edgar Amador, for his portion, assured that the nation would continue to play a significant role in preserving economic dignity.

Secretary Amador emphasized the significance of the FATF by highlighting that the organization is well-known for its technological precision, for encouraging discussion among its users, for its management in the creation and implementation of high-quality requirements, as well as for being a key player in maintaining the integrity of the global financial system.

The Finance Minister praised the organization's conditioning of standards to ensure a measured, proportionate, and risk-based execution that promotes the integrity of the system without preventing development, innovation, and inclusion. He also noted that financial inclusion is a top priority for the country.

New technology expand the scope of violence.

De Anda cautioned that" no one is exempt," especially in a world where new technology make it easier for thieves to run more quickly and from anywhere in the planet. He mentioned "romance" scams on dating sites and social media platforms, electronic extortion, and false investment opportunities as some of the methods that are most prevalent.

In this circumstance, the FATF's regulation tools have been expanded. The president praised the release of a new report on cyber-facilitated fraud as well as the release to its asset recovery guide, which was updated to reflect the rapid transfer of resources in online schemes. She likewise provided details on changes to Recommendation 16 in relation to payments that would include safeguards against fraud and errors in payments and revisions to Recommendation 1 to encourage financial inclusion without sacrificing risk mitigation. Internationally inspected digital assets include stablecoins, non-hosted wallets, and unusual digital service providers. The agency also approved particular reports on digital assets. In 2025, stablecoins accounted for 84 % of illegal online resource transaction volume, which is reflected by the more sophisticated of judicial networks, according to a new Chainalysis report. De Anda cited a joint functioning as an example of global cooperation, which involved the processing of more than 9, 000 reports of fraud resulting in losses exceeding €192 million. Thanks to real-time intelligence sharing, more than 1,800 arrests and seizures totaling €17 million were the result of the planned action. The FATF updated its public declaration on Iran, approved its 2026-2028 strategic objectives, which will be presented to ministries in April, and supported the other countries ' assessments of Italy, Austria, and Singapore in its full treatment. In a time when online fraud is gaining traction as the biggest global financial challenge, Giles Thomson was announced as the new president of the organization in July 2026.

New technology expand the scope of violence.

De Anda cautioned that" no one is exempt," especially in a world where new technology make it easier for thieves to run more quickly and from anywhere in the planet. He mentioned "romance" scams on dating sites and social media platforms, electronic extortion, and false investment opportunities as some of the methods that are most prevalent.

In this circumstance, the FATF's regulation devices have been expanded.

The president praised the release of a new report on cyber-facilitated fraud as well as the release to its asset recovery guide, which was updated to reflect the rapid transfer of resources in online schemes. She likewise provided details on changes to Recommendation 16 in relation to payments that would include safeguards against fraud and errors in payments and revisions to Recommendation 1 to encourage financial inclusion without sacrificing risk reduction. Internationally inspected digital assets include stablecoins, non-hosted wallets, and unusual digital service providers. The agency also approved particular reports on digital assets. In 2025, stablecoins accounted for 84 % of illegal online resource transaction volume, which is reflected by the more sophisticated of judicial networks, according to a new Chainalysis report. De Anda cited a joint functioning as an example of global cooperation, which involved the processing of more than 9, 000 reports of fraud resulting in losses exceeding €192 million. Thanks to real-time intelligence sharing, more than 1,800 arrests and seizures totaling €17 million were the result of the planned action. The FATF updated its public declaration on Iran, approved its 2026-2028 strategic objectives, which will be presented to ministries in April, and supported the other countries ' assessments of Italy, Austria, and Singapore in its full treatment. In a time when online fraud is gaining traction as the biggest worldwide financial challenge, Giles Thomson was announced as the new president of the organization in July 2026.

New technology expand the scope of violence.

De Anda cautioned that" no one is exempt," especially in a world where new technology make it easier for thieves to run more quickly and from anywhere in the planet. He mentioned "romance" scams on dating sites and social media platforms, electronic extortion, and false investment opportunities as some of the methods that are most prevalent......

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