Interpol seized 130 million dollars to commit electronic crimes

An extensive INTERPOL operation with global reach has been completed, resulting in the seizure of $130,000,000 worth of money and virtual assets, linked to cybercrime and money laundering operations.

The operation codenamed “HAECHI III” took place between June 28 and November 23, 2022 and in total It led to the arrest of nearly a thousand peopleas stated in the INTERPOL press release (in SOURCE) of which we reported an excerpt.

“In total, the operation led to 975 arrests and allowed investigators to solve more than 1,600 cases. In addition, nearly 2,800 bank accounts and virtual asset accounts linked to the illicit proceeds of online financial crime were blocked.”

As we said at the beginning, the Maxi process is interested in this Some types of cybercrime Which included romance scams, phishing, sextortion, investment fraud and money laundering related to illegal online gambling. As a result of this action, new criminal trends were identified that will help law enforcement agencies around the world to take more targeted action against crimes of this kind.

As part of the operation, Interpol has noted an increase in encrypted messaging apps that scammers use to exchange information with victims in investment schemes. The story also affected our country, as one of the highlights of Operation HAECHI III Two Koreans were arrested, one in Greece and the other in Italy, who stole $29.1 million from 2,000 victims in Korea. Also of note is the arrest of members of a criminal group operating from India, by impersonating Interpol officers with the aim of convincing victims to send large sums of money in cryptocurrency.

The INTERPOL announcement also confirms its effectiveness New Anti-Money Laundering Rapid Response Protocol (ARRP) Mechanism, which was first tested in the agency’s previous operation, code-named “Operation Jackal”. Thanks to this protocol, an Irish company, a victim of BEC (Business Email Compromise) scammers, received $1,250,000 million in compensation. This was the total amount the company lost to the fraudsters, which could be traced back and seized. Since January 2022, when ARRP beta testing began, the tool has helped recover $120 million USD seized from cybercriminals.

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