The first Digital Financial Anti-Fraud Summit 2021 was held in the School of Economics and Management of Tsinghua University, which was jointly sponsored by the China Financial Research Center of the School of Economics and Management of Tsinghua University, the Digital Finance Working Committee of the Internet Society of China, the Financial Digital Development Alliance, UnionPay Data, and Xinnet Bank.
Focusing on the themes of "digital financial anti-fraud", "financial data security sharing" and "online risk control of financial business", top risk experts and financial institution practitioners from the domestic financial field gathered together and launched a heated discussion.
Yang Chen, an expert on anti-telecommunications fraud by the Ministry of Public Security, a specially appointed criminal investigation informatization expert of the Ministry of Public Security, and the person in charge of the special class of the National Anti-Fraud Center for Cutting Off Funds, shared the history of the development of telecommunications fraud in China, and proposed that telecommunications fraud has become the crime with the largest number of cases, the greatest losses, and the worst impact in criminal cases.
Yang Chen believes that the most fundamental purpose of telecommunications fraud is money, and the whole process is inseparable from the accounts and payments of the financial industry. However, banks' effective identification and risk control management of the characteristics of new criminal funds often lag behind their opponents.
Recently, Xi Jinping, General Secretary of the CPC Central Committee, President of the People's Republic of China and Chairman of the Central Military Commission, has made important instructions on the work of cracking down on telecommunications network fraud, and in recent years, all regions and departments have implemented the decision-making and deployment of the Party Central Committee and continued to carry out the crackdown on telecommunications network fraud, and achieved initial results. It is necessary to adhere to the people-centered approach, make overall plans for development and security, strengthen system concepts and rule of law thinking, pay attention to governance at the source and comprehensive management, persist in jointly grasping and co-management, mass prevention and mass governance, fully implement various measures for cracking down on prevention and control and the main responsibility for supervision and control in finance, communications, the Internet and other industries, strengthen the construction of the legal system, strengthen social publicity and education and prevention, promote international law enforcement cooperation, resolutely curb the high incidence of such crimes, and make new and greater contributions to building a higher level of safe China and a rule of law China.
"The core is to require our financial department, communication department, and Internet department to grasp and manage together, and prevent and control the masses." Yang Chen proposed.
Judging from the experience of previous contacts with banks, Yang Chen believes that the banking industry has always been rules-based and generally lacks initiative. Banking financial institutions should shift from rules-based to risk-based, and the most fundamental thing is to achieve a change of understanding and take the initiative. Specifically, in terms of implementation, it is necessary to focus on measures and models with corresponding risk management and control.
Yang Chen believes that for the flow of funds for new types of crimes, it is necessary to take the initiative to identify and actively intercept them. In order to achieve the above goals, it is necessary to establish source control before, during and after the event, a risk control model for new types of financial fraud, and a responsibility mechanism, so as to truly achieve the purpose of punishing the former and curing the disease and saving people.