Investment Fraud Newsroom

U.S. Joins OECD Partners in Fighting Cross-Border Fraud

A June 17 FTC press release describes guidelines for such cooperation just released by the Organization for Economic Cooperation and Development (OECD), a group of 30 wealthy countries.

"Cross-border fraud, perpetrated through telemarketing, Web sites, and spam, harms consumers and consumer confidence in the global marketplace," Commissioner Mozelle Thompson said. "The OECD guidelines announced today reflect an international commitment by consumer protection law enforcement agencies to work together to combat these schemes."

The guidelines define cross-border fraudulent practices, present principles for cross-border cooperation and press OECD member countries to find ways to redress consumers harmed by cross-border fraud.