In recent years, financial fraud cases have occurred frequently. To proactively respond to the ever-evolving challenges of scam tactics, the Financial Supervisory Commission (FSC) has launched the "Prevention of Fraud and Financial Crimes" fintech thematic campaign in 2024. The campaign leverages technology to enhance the efficiency of financial institutions in detecting, preventing, and responding to fraud cases. It aims to more effectively combat financial crimes, protect the public's financial assets, and create a safer and more reliable financial environment.
　　
The FSC's "Prevention of Fraud and Financial Crimes" thematic campaign includes hosting seminars, joint proof of concept initiatives, co-creation workshops as well as encouraging industry players to conduct innovative experiments, business trials, or proof of concept (PoC):
1.Hosting Seminars: The FSC will host a seminar in April focused on technology-based fraud prevention, inviting relevant ministries, experts, scholars, and financial institutions that have successfully utilized technology in combating fraud as speakers. They will share key measures for preventing financial fraud, along with specific cases and practical applications of fintech.
2.Launching Joint Proof of Concept Initiative: In the first quarter, the FSC plans to launch a "Joint Proof of Concept Initiative" through FinTechSpace, selecting themes related to "Prevention of Fraud and Financial Crimes" for PoC. Financial institutions and technology firms will use technologies such as Privacy Enhancing Technologies (PET) and Artificial Intelligence (AI) to jointly develop innovative solutions. Relevant ministries will also be invited to assist in advising the industry players and providing resources and recommendations.
3.Holding Co-creation Workshops: The FSC expects to hold co-creation workshops for financial institutions and technology firms from the second to the third quarter. Experts and scholars will be invited to lecture on technologies, regulations, or practical experiences related to the theme. Practical operations or case studies will be arranged, and teams will be formed to co-create technology solutions for preventing fraud and financial crimes.
4.Encouraging Innovative Experiments, Business Trials, or PoC: During the solution development process, financial institutions and fintech firms with regulatory consultation needs can communicate bilaterally with the FSC. Moreover, FinTechSpace provides various resources to its occupants, including subsidies, regulatory consultation, business matchmaking, and digital sandbox. New startups not yet stationed in FinTechSpace that are interested in participating in this thematic campaingn can also apply. FinTechSpace will assist them in joining the park and obtaining related consulations and resources.

The FSC states that this year's "Prevention of Fraud and Financial Crimes" thematic campaign is expected to enhance the cooperation between financial institutions and technology firms. It aims to develop more effective tools and strategies for combating financial crimes and sharing the latest applications of fintech, thereby enhancing the industry's capability in fraud prevention. Additionally, the event helps establish a cross-ministerial and cross-industry cooperation platform to jointly fight against fraud and financial crimes and to improve the public's awareness and preventive measures against financial scams, reducing the likelihood of being defrauded.

Combating fraud is an important government policy, and the assistance of financial institutions in helping law enforcement agencies to prevent financial crimes is crucial. Through a series of thematic promotional activities, the FSC aims to combine the resources and expertise of relevant ministries, financial institutions, and technology firms to enhance the use of technology in preventing fraud and financial crimes, as well as to develop innovative solutions that more effectively block illegal financial flows, thereby ensuring the safety of the public's assets.