IMF and World Bank call for coordinated fight against financial fraud

The IMF and World Bank published the Bangkok Blueprint for Fraud-Resilient Financial Services, urging coordinated prevention of cyber-enabled fraud. It sets out 12 priorities, including national strategies, information sharing and protection for victims of authorized fraudulent payments, which AI and deepfakes help enable.

• Blueprint lists 12 priorities for regulators, banks and infrastructure
• Authorized push payment fraud, where victims approve transfers, is a focus
• AI and synthetic media are cited as amplifiers of social engineering
• Proposals include cross-border data sharing and freezing stolen funds