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Ekniti unveils 'Bangkok Blueprint' to combat cross-border financial scams

Today 17:03 Key points summarised by AI

Thailand's Finance Minister Ekniti Nitithanprapas launched the "Bangkok Blueprint," a landmark multilateral framework aimed at combating transnational financial scams that cost the global economy an estimated $1 trillion annually.
The Blueprint establishes three core principles: a "Whole-of-System Approach" coordinating across telecommunications, digital platforms, and financial institutions; stronger international cooperation for information sharing; and flexible practical implementation by individual countries.
This initiative directly addresses the inadequacy of traditional national responses to sophisticated, AI-powered digital fraud, which often involves victims, perpetrators, and illicit funds spread across multiple jurisdictions.
Complementing the framework, the Bank of Thailand's "Safe and Inclusive Digital Finance" (SIDF) agenda reinforces efforts through stronger legal foundations, enhanced fraud management, and expanded cross-border collaboration to secure digital transactions and build public trust.

Today 10:52 Key points summarised by AI

The IMF highlights ASEAN's crucial role in driving global economic growth, now ranking as the 4th largest economy despite facing challenges like volatile commodity prices.
IMF Managing Director Kristalina Georgieva stresses the importance of stronger internal and external partnerships for ASEAN to navigate the changing and fragmented global landscape.
Georgieva outlines key priorities for ASEAN nations: protecting fiscal buffers, accelerating reforms, boosting intra-regional trade, and deepening cooperation in digital and infrastructure.
The IMF emphasizes that collective growth and continued cooperation are essential to strengthen ASEAN in an increasingly shock-prone world.