An international police operation codenamed ‘Operation HAECHI IV’ has netted nearly 3,500 arrests and seized a staggering USD 300 million in illegal proceeds.
The six-month-long operation targeted threat actors engaging in voice phishing, romance scams, online sextortion, investment fraud, money laundering associated with illegal online gambling, business email compromise, and e-commerce fraud.
The seizure of USD 300 million represents a staggering sum and clearly illustrates the incentive behind today’s explosive growth of transnational organized crime. This represents the savings and hard-earned cash of victims. This vast accumulation of unlawful wealth is a serious threat to global security and weakens the economic stability of nations worldwide.
Stephen Kavanagh, INTERPOL’s Executive Director of Police Services
In addition, Interpol’s financial intelligence mechanism, I-GRIP, flagged and froze 82,112 bank accounts in 34 countries linked to various cybercrimes and fraudulent operations.
