Financial Crime World

Title: China’s Crackdown on Telecom and Online Fraud: A Global Solution to a Transnational Problem

China has been at the forefront of combating telecom and online fraud, a problem that has impacted millions of citizens since the 1990s. With a strong focus on a people-centered approach, comprehensive governance, and international cooperation, China has achieved unprecedented success in solving telecom and online fraud cases.

China’s Achievements in Combating Telecom and Online Fraud

  • Five times more cases solved in 2021 compared to five years prior
  • Decline in occurrence rate for 17 consecutive months since June 2021

A Unique Chinese Solution to a Transnational Problem

Amid a global increase in telecom and online fraud, China is leading the way in addressing this transnational issue.

People-Centered Approach

  • Continuous research and policy development
  • Strong legal support

Comprehensive Strengthening

  • Research on crime patterns
  • Special teams
  • Capabilities and levels of case solving

Special Research

A key component of China’s efforts to tackle telecom and online fraud is continuous research.

  • Development of policy documents
  • Establishment of the National Center for Study of New Types of Crimes
  • Invited criminal investigation and anti-fraud experts
  • Strengthened anti-fraud training

Special Teams

Special teams have been essential in the fight against transnational and highly-specialized fraud organizations.

  • National and local anti-fraud centers
  • Establishment of a national think tank and expert team
  • Invited experts
  • Strengthened anti-fraud training

Capabilities and Levels of Case Solving

China has focused on strengthening capabilities and levels of case solving.

  • Severe combat efforts (Cloud Sword Operation)
  • International law enforcement and judicial cooperation
  • Cracking down on fraud ring leaders (Nail Pulling operation)

New Challenges and Commitment

Despite ongoing progress, the Chinese government remains committed to addressing new challenges.

  • Use of new technologies by fraud groups (blockchain, virtual currencies, AI, GOIP)
  • Extensive mobilization of the masses
  • Whole-police-force anti-fraud working mechanism

China’s Global Solution

China’s approach to combatting telecom and online fraud is grounded in a commitment to a people-centered approach and international cooperation. The Chinese solution to this global problem is one that the country is willing to share with others, in the pursuit of a universally secure human community with a shared future.