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7 types of fraud worth $300 million were uncovered during a joint operation.
Interpol said that the international law enforcement operation "Operation HAECHI IV" to combat financial crimes on the Internet led to the arrest of almost 3,500 people and the confiscation of assets worth $300 million in 34 countries. The six-month operation involved countries in Asia, Africa, Europe, North America and Oceania.
The purpose of the operation was to combat seven types of cyber fraud:
As a result, 82,112 suspicious bank accounts were blocked, and $199 million in cash and $101 million were seized. in virtual assets. Investment fraud, BEC fraud, and e-commerce scams accounted for 75% of all investigations under Operation HAECHI IV.
Interpol noted that the confiscation of assets worth $300 million is a huge amount, which clearly demonstrates the incentives for the rapid growth of transnational organized crime. These are the victims ' savings and hard-earned money. This accumulation of illicit wealth poses a serious threat to global security and undermines the economic stability of countries around the world.
In collaboration with various Virtual Asset Service Providers (VASPs), Interpol helped agents identify 367 virtual asset accounts linked to transnational organized crime. Law enforcement agencies of the participating countries have successfully frozen assets, and the investigation continues.
As part of the operation, cooperation between the Philippine and Korean authorities also led to the arrest of a high-ranking criminal in the field of online games in Manila, who was wanted by the Korean police for 2 years.
Officers have warned countries about new emerging practices of digital investment fraud. In Korea, a new scheme was discovered involving the sale of NFT (non-fungible tokens) with promises of huge revenues, which turned out to be "rug pull" – a common scam in the crypto industry, in which developers suddenly stop the project, and investors lose their money.
The second warning related to the use of AI technologies and the creation of deepfakes to give credibility, allowing criminals to hide their identities and pretend to be family members, friends or lovers of victims.
Interpol said that the international law enforcement operation "Operation HAECHI IV" to combat financial crimes on the Internet led to the arrest of almost 3,500 people and the confiscation of assets worth $300 million in 34 countries. The six-month operation involved countries in Asia, Africa, Europe, North America and Oceania.
The purpose of the operation was to combat seven types of cyber fraud:
- voice phishing (vishing);
- romantic scams (romance scam);
- extortion;
- investment fraud;
- money laundering related to illegal online gambling;
- Business Email Compromise (BEC)Fraud;
- fraud in e-commerce.
As a result, 82,112 suspicious bank accounts were blocked, and $199 million in cash and $101 million were seized. in virtual assets. Investment fraud, BEC fraud, and e-commerce scams accounted for 75% of all investigations under Operation HAECHI IV.
Interpol noted that the confiscation of assets worth $300 million is a huge amount, which clearly demonstrates the incentives for the rapid growth of transnational organized crime. These are the victims ' savings and hard-earned money. This accumulation of illicit wealth poses a serious threat to global security and undermines the economic stability of countries around the world.
In collaboration with various Virtual Asset Service Providers (VASPs), Interpol helped agents identify 367 virtual asset accounts linked to transnational organized crime. Law enforcement agencies of the participating countries have successfully frozen assets, and the investigation continues.
As part of the operation, cooperation between the Philippine and Korean authorities also led to the arrest of a high-ranking criminal in the field of online games in Manila, who was wanted by the Korean police for 2 years.
Officers have warned countries about new emerging practices of digital investment fraud. In Korea, a new scheme was discovered involving the sale of NFT (non-fungible tokens) with promises of huge revenues, which turned out to be "rug pull" – a common scam in the crypto industry, in which developers suddenly stop the project, and investors lose their money.
The second warning related to the use of AI technologies and the creation of deepfakes to give credibility, allowing criminals to hide their identities and pretend to be family members, friends or lovers of victims.