Asset Recovery Mechanisms for Cross-Border Telecom and Online Fraud and Paths for Improvement

Cross-border telecom and online fraud has imposed significant threats on the security of society and people's property. Using emerging tactics, criminals engage in cross-border telecom and online fraud, severely harming people's interests. With the increase in criminal cases, the economy has also suffered substantial losses. Multiple challenges are imposed on investigation and evidence collection due to the complexity of such crimes. Moreover, it requires cross-border collaboration and highlights the significance of apprehending fugitives and recovering illicit assets for the crackdown on such crimes. This study aims to explore asset recovery in cross-border telecom and online fraud and proposes suggestions to improve relevant laws and regulations. Examining the significance of international collaboration in law enforcement to crack down on crimes can enhance public awareness of telecom fraud prevention. The exploration is also significant for the crackdown on cross-border fraud and contributes to national security and social stability.