The recent meeting between ASEANAPOL and Mastercard in Singapore on April 4, 2024, was a major step in improving financial security in the ASEAN region. Recognizing Mastercard's important role in the global financial system, participants appreciated its work in promoting secure payments and fighting fraud. This laid the groundwork for cooperation between ASEANAPOL countries and Mastercard.
The meeting
focused on tackling common issues like fraud and cyber threats. Participants stressed the importance of working together to protect consumers and reduce risks. They highlighted the need to share information and learn from each other, suggesting joint training programs for better security. Technology, especially data analysis and machine learning, was discussed for its role in preventing financial crime. Using Mastercard's technology could improve fraud detection and cybersecurity across ASEAN. Promoting financial inclusion and transparency was also a key topic. Ideas were shared to stop illegal money flows and make financial systems more open.
In conclusion, ASEANAPOL and Mastercard both committed to working together to make financial systems safer in the ASEAN region. This meeting is a big step towards a partnership between law enforcement and financial institutions, making sure people and systems are protected.
“Together We Keep This Region Safe”