Ministers, financial organisations, and tech giants from around the world will convene at a summit in London to discuss strategies to battle international fraud.
The meeting, set to begin on Monday at Lancaster House, is a collective effort to tackle the growing threat posed by cross-border financial frauds.
Interpol’s General Secretary, Jurgen Stock, emphasised the need for global co-operation.
“Cross-border co-operation was needed to ensure there are no safe havens for financial fraudsters,” Mr Stock said.
Those at the summit will include representatives of the Five Eyes intelligence partnership – the UK, US, Canada, Australia and New Zealand – and other nations such as France, Germany, Italy, Japan, Singapore and South Korea.
Tech firms such as Amazon, Apple, Google, Meta, TikTok and LinkedIn, alongside financial sector giants including HSBC, NatWest, Santander, Visa and various national and international banking associations, are due to attend.
The two-day summit will also host law-enforcement agencies and civil society groups, highlighting the collaborative effort required to address this issue.
A concerning increase in global fraud is anticipated to be highlighted in an Interpol threat assessment.
“Changes in technology and the rapid increase in the scale and volume of organised crime has driven the creation of a range of new ways to defraud innocent people, business and even governments," Mr Stock said.
"Urgent action is required.”
The UK experiences significant effects from international fraud, with about 70 per cent of offences linked to international criminals, leading to £3 billion ($3.86 billion) lost to overseas accounts last year.
Interpol has indicated that organised criminal groups, including human traffickers forcing people to work in scam centres, often perpetrate such fraud.
“Fraudsters have no regard for boundaries, they devastate citizens in all our countries," British Home Secretary James Cleverly said.
“We will only put a stop to this scourge if we fight it head-on together and that’s precisely what we plan to do.”
Graeme Biggar, director general of the National Crime Agency, said: “Over 70 per cent of fraud has an international element and it is clear that we need an efficient and effective joint response with partners across the globe.
“The global fraud summit is an important step forward, bringing together colleagues from the public and private sectors to tackle this persistent and pervasive threat.”
THE LOWDOWN
Photograph
Rating: 4/5
Produced by: Poetic License Motion Pictures; RSVP Movies
Director: Ritesh Batra
Cast: Nawazuddin Siddiqui, Sanya Malhotra, Farrukh Jaffar, Deepak Chauhan, Vijay Raaz
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• Architecture is over - here's cybertecture
• The National announces Future of News journalism competition
• Round up: Experts share their visions of the world to come
Joy%20Ride%20
RESULT
Leeds United 1 Manchester City 1
Leeds: Rodrigo (59')
Man City: Sterling (17')
Man of the Match: Rodrigo Moreno (Leeds)
COMPANY%20PROFILE
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ASHES SCHEDULE
First Test
November 23-27 (The Gabba, Brisbane)
Second Test
December 2-6 (Adelaide Oval, Adelaide)
Third Test
December 14-18 (Waca Ground, Perth)
Fourth Test
December 26-30 (Melbourne Cricket Ground, Melbourne)
Fifth Test
January 4-8, 2018 (Sydney Cricket Ground, Sydney)
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WRESTLING HIGHLIGHTS
Mohammed bin Zayed Majlis
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The Year Earth Changed
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Learn more about Qasr Al Hosn
In 2013, The National's History Project went beyond the walls to see what life was like living in Abu Dhabi's fabled fort:
- Life in the royal residences with Sheikha Osha bint Nahayan
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Hajj 2019
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MATCH INFO
CAF Champions League semi-finals first-leg fixtures
Tuesday:
Primeiro Agosto (ANG) v Esperance (TUN) (8pm UAE)
Al Ahly (EGY) v Entente Setif (ALG) (11PM)
Second legs:
October 23
While you're here
Tomorrow 2021
10 tips for entry-level job seekers
- Have an up-to-date, professional LinkedIn profile. If you don’t have a LinkedIn account, set one up today. Avoid poor-quality profile pictures with distracting backgrounds. Include a professional summary and begin to grow your network.
- Keep track of the job trends in your sector through the news. Apply for job alerts at your dream organisations and the types of jobs you want – LinkedIn uses AI to share similar relevant jobs based on your selections.
- Double check that you’ve highlighted relevant skills on your resume and LinkedIn profile.
- For most entry-level jobs, your resume will first be filtered by an applicant tracking system for keywords. Look closely at the description of the job you are applying for and mirror the language as much as possible (while being honest and accurate about your skills and experience).
- Keep your CV professional and in a simple format – make sure you tailor your cover letter and application to the company and role.
- Go online and look for details on job specifications for your target position. Make a list of skills required and set yourself some learning goals to tick off all the necessary skills one by one.
- Don’t be afraid to reach outside your immediate friends and family to other acquaintances and let them know you are looking for new opportunities.
- Make sure you’ve set your LinkedIn profile to signal that you are “open to opportunities”. Also be sure to use LinkedIn to search for people who are still actively hiring by searching for those that have the headline “I’m hiring” or “We’re hiring” in their profile.
- Prepare for online interviews using mock interview tools. Even before landing interviews, it can be useful to start practising.
- Be professional and patient. Always be professional with whoever you are interacting with throughout your search process, this will be remembered. You need to be patient, dedicated and not give up on your search. Candidates need to make sure they are following up appropriately for roles they have applied.
Arda Atalay, head of Mena private sector at LinkedIn Talent Solutions, Rudy Bier, managing partner of Kinetic Business Solutions and Ben Kinerman Daltrey, co-founder of KinFitz
COMPANY%20PROFILE
The burning issue
The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE.
Read part four: an affection for classic cars lives on
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Tomorrow 2021
Herc's Adventures
Developer: Big Ape Productions
Publisher: LucasArts
Console: PlayStation 1 & 5, Sega Saturn
Rating: 4/5
Mohammed bin Zayed Majlis
The specs
Engine: 2.0-litre 4-cyl, 48V hybrid
Transmission: eight-speed automatic
Power: 325bhp
Torque: 450Nm
Price: Dh289,000
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PROFILE
Name: Enhance Fitness
Year started: 2018
Based: UAE
Employees: 200
Amount raised: $3m
Investors: Global Ventures and angel investors
Six large-scale objects on show
- Concrete wall and windows from the now demolished Robin Hood Gardens housing estate in Poplar
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Tomorrow 2021
Zayed Sustainability Prize
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• Architecture is over - here's cybertecture
• The National announces Future of News journalism competition
• Round up: Experts share their visions of the world to come
Background
RESULT
Manchester United 1 Brighton and Hove Albion 0
Man United: Dunk (66' og)
Man of the Match: Shane Duffy (Brighton)
Zayed Sustainability Prize
Our commentary on Brexit
- Alistair Burt: Despite Brexit, Britain can remain a world power
- Sam Williams: Departure is influenced by its sense of place
