Financial Crime World

Chinese Police’s Innovative Approach to Tackling Telecom and Online Fraud Pays Off

In recent years, Chinese authorities have made significant breakthroughs in preventing telecom and online fraud through an innovative approach that combines advanced technology with internal and external synergy. This comprehensive effort has led to a series of landmark results and has made a substantial impact on preventing fraudulent transactions.

The Power of Specialized Laboratories


Chinese police have strengthened the development of specialized laboratories, providing strong technical support for cracking down on crimes related to capital flow, information flow, and network flow. These laboratories have been crucial in analyzing and collecting evidence related to fraud cases, ultimately leading to the successful prevention of a large number of fraudulent transactions.

A Whole-Society Anti-Fraud Effort


The Chinese government’s commitment to a people-centered approach has led to the establishment of a society-wide anti-fraud work pattern. This comprehensive effort involves multiple departments, industries, and sectors of society working together to prevent fraud and protect citizens’ rights.

Effective Synergy Across Industries


To combat telecom and online fraud, the Ministry of Industry and Information Technology (MIIT) has arranged for the information and communication industry to set up anti-fraud special work teams at various levels. Meanwhile, the People’s Bank of China and the China Banking and Insurance Regulatory Commission have strengthened regulation in the financial industry, including the establishment of an anti-fraud prevention and control system.

International Cooperation Yields Results


China has actively advanced international law enforcement cooperation to combat telecom and online fraud, contributing its wisdom, solutions, and strength to facilitate strong synergy among countries. The country’s efforts have led to successful collaborations with various nations, including:

  • Operation Great Wall with Spanish police
  • Anti-fraud Operation First Light with 76 member states within INTERPOL

The Impact of SMS Platform


The introduction of the 12381 SMS platform has been instrumental in preventing fraud cases. This innovative platform provides users with real-time alerts and warnings, empowering them to take proactive measures against fraudulent activities.

Conclusion

China’s comprehensive approach to combating telecom and online fraud has yielded significant results, demonstrating the effectiveness of internal and external synergy, specialized expertise, and international cooperation. As the country continues to share its best practices and experience with other nations, it is poised to play a leading role in building a universally secure human community with a shared future.