Prime Minister Pham Minh Chinh has directed the Ministry of Public Security to initiate a nationwide campaign to combat high-tech crimes, particularly online fraud involving the use of advanced technologies and cyberspace.

The Prime Minister has tasked the Ministry of Public Security to lead efforts in collaboration with the State Bank of Vietnam, the Ministry of Information and Communications, and other relevant agencies. This includes developing an interagency coordination model to respond swiftly and effectively to suspected fraud cases.

Law enforcement agencies are instructed to enhance crime prevention strategies, improve the handling of crime reports, and expedite investigations into cases of asset appropriation through high-tech means.

The campaign will focus on combating high-tech fraud by intensifying actions to detect and prosecute individuals or organizations using advanced technologies for criminal purposes, including fraud.

Cross-border cooperation will also be strengthened through negotiations and agreements with other countries, particularly those sharing borders with Vietnam, to tackle transnational crimes.

Additionally, legislative improvements will be proposed to amend laws regulating activities such as renting, buying, or selling bank accounts and e-wallets for illegal purposes.

The State Bank of Vietnam has been directed to collaborate with law enforcement to verify and freeze accounts, as well as suspend suspicious transactions to prevent illegal transfers or withdrawals of funds.

Security measures for Internet banking will be enhanced, including the implementation of biometric verification for business accounts. Systems will be developed to detect and flag transactions originating from overseas IP addresses.

Furthermore, controls on cryptocurrency-related transactions will be tightened, and internal processes will be improved to prevent bank staff from colluding with fraudsters.

These measures are scheduled for implementation by the first quarter of 2025.

The Ministry of Information and Communications has been tasked with monitoring and removing fraudulent websites, applications, groups, and accounts from cyberspace.

It will also revise telecommunications and cybersecurity regulations to address fraudulent activities effectively. The ministry will collaborate with the State Bank to cross-check the information of account holders with mobile phone registration records.

Telecom providers will be instructed to deactivate SIM cards with incomplete or inaccurate registration information. Technical solutions will also be employed to block scam calls and messages.

Telecommunications firms are also required to promptly provide subscriber and domain information linked to fraudulent activities upon request from law enforcement.

Thu Hang