Interpol seizes £58.4m in multi-national crackdown on financial cyber crime

 Interpol seizes £58.4m in multi-national crackdown on financial cyber crime

A six-month long law enforcement operation in the Asia Pacific coordinated by Interpol resulted in the seizure of approximately £58.4m in funds that were stolen by fraudsters through scams such as investment fraud, romance scams, online sextortion, and voice phishing.

Operation HAECHI-I, which ended in March this year, involved the participation of Interpol as well as law enforcement authorities from Cambodia, China, Indonesia, Korea, Laos, The Philippines, Singapore, Thailand, and Vietnam. The operation was aimed at seizing stolen funds and nabbing cyber criminals engaged in a variety of investment scams and other types of online financial crime.

Since September last year, these agencies opened more than 1,400 investigations, of which 892 cases have been solved so far, resulting in the seizure of $83 million from cyber criminals, the freezing of more than 1,600 bank accounts around the world, and the arrest of 585…

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