The International Monetary Fund and the World Bank Group release the "Bangkok Blueprint" to combat online financial fraud

China News Service, Bangkok, October 14 (Wang Qi, Li Yingmin) The International Monetary Fund (IMF) and the World Bank Group released the "Bangkok Blueprint" in Bangkok on the 14th, calling on countries to strengthen cross-sector, cross-industry and cross-border cooperation to jointly prevent and combat the increasingly prominent risks of online fraud in the digital financial field.

The "Bangkok Blueprint" was jointly developed by the International Monetary Fund, the World Bank Group and the Bank of Thailand and will be released during the 2026 Annual Meetings of the International Monetary Fund and the World Bank Group. The blueprint puts forward 12 key considerations to provide reference for countries to formulate policies to prevent, identify and respond to digital financial network fraud.

The blueprint is framed by five pillars, including establishing a strategic and legal foundation, strengthening the prevention and response of the entire life cycle of fraud risks, leveraging existing risk management and law enforcement mechanisms, expanding domestic and cross-border cooperation, and strengthening consumer protection and financial system resilience.

Georgieva, President of the International Monetary Fund, said that trust is the basis for the operation of the financial system. With the rapid development of digital finance, countries need to strengthen cooperation to jointly deal with the risks of online fraud and maintain public confidence in digital financial services.

Anshula Kanter, Executive Vice President and Chief Financial Officer of the World Bank Group, said that digital financial services have become an important force in promoting economic development and expanding financial inclusion. Strengthening the prevention of financial fraud will help ensure that people use digital financial services safely and better share the fruits of digital economic development.

Vithai Rattanakorn, Governor of the Bank of Thailand, said that online financial fraud has become a global challenge that no country or institution can deal with alone. The "Bangkok Blueprint" reflects the international community's joint commitment to strengthen cooperation, build trust and promote the development of safe and inclusive digital finance.

The blueprint points out that current online fraud has broken through the boundaries of traditional financial institutions, and related criminal activities involve social media, digital platforms, e-commerce platforms, telecommunications networks, banks and other fields. Therefore, countries should strengthen information sharing, clarify the responsibilities of different participants, and further strengthen cross-border law enforcement cooperation.

The International Monetary Fund and the World Bank Group stated that the "Bangkok Blueprint" is not binding and countries can adjust and apply it according to their own legal systems and financial market characteristics to reduce digital financial risks and enhance the resilience of the financial system.