GCFFC APAC Chapter event with INTERPOL

On May 30th the first in-person meeting of the Global Coalition to Fight Financial Crime APAC chapter was held in Singapore, hosted by INTERPOL.

The day included keynote remarks Financial Action Task Force (FATF) President T Raja Kumar and INTERPOL Executive Director for Technology and Innovation with Q & A.

The day also marked the release of the long-awaited GCFFC Fraud & Scams Report, which puts forth statistics, challenges, and suggested best practice approaches from HK, Singapore and Australia. The GCFFC is now consulting on the initial findings and on best practices for FI’s and Higher risk Digital Businesses anti scam programmes.

One of the key best practices identified in the report was the operation of Singapore’s Anti Scam Centre. The audience was shown a presentation into the development and operation of the Singapore Anti-Scam Command Centre from Aileen Yap.

The day also included a discussion on combatting scams & fraud with GCFFC members and esteemed guests Loretta Yuen, Chee Kin Lam, Cyril Mak and Fanny Kung, as well as a powerful call to action on human trafficking and modern slavery, backed by real world experiences, by the awe-inspiring Mechelle B Moore & Steve Farrer.

There were further insights from the fight against wildlife and other environmental crime by Sam Inglis, Sera Brown and Interpol’s Tricia Tan, and a discussion of the perils and opportunities of AI & info sharing with Robin Lee & COSMIC’s MAS’s Alvin Koh on COSMIC as well as GCFFC update on the new EU’s Art 75 information sharing provisions.

The GCFFC extends heartfelt thanks to all those who attended and made the day a success.