Interpol Identifies Crypto Fraud as Major Transnational Crime Threat

These networks have adapted their methods by utilizing advanced technology to deceive victims while operating across borders. Initially prominent in Southeast Asia, scam centers have expanded to Russia, Colombia, East African coastlines, and parts of the UK. In May, the U.S. Treasury cut ties with Cambodia’s Hui Wang Group for allegedly laundering $4 billion on behalf of scams, highlighting a new phase in global law enforcement cooperation.