According to the Palestinian News Agency (PANews), Interpol officially adopted a new resolution during its General Assembly in Marrakech, classifying cryptocurrency-related fraud as a key pillar in a massive global fraud industry, now officially recognized as a transnational crime threat.
🔍 Key Points:
• Global law enforcement agencies enhance their coordination to track and disrupt the international flow of illicit funds.
• Criminal networks exploit human trafficking, cyber fraud, and forced labor, harming victims in over 60 countries.
• Victims are often lured by high-paying overseas job offers, only to fall into traps involving voice phishing, emotional fraud, investment fraud, and cryptocurrency fraud.
• Fraud centers that were previously based in Southeast Asia have expanded to Russia, Colombia, East Africa, and parts of the United Kingdom.
In May, the U.S. Treasury Department severed its financial ties with the Cambodian Hui Wang group, accusing it of laundering $4 billion from fraud proceeds.
This month, the U.S. Department of Justice established a specialized task force working with multiple agencies.
The new Interpol decision indicates a significant escalation in global cooperation to combat fraud.
🌐 What does this mean:
The campaign against cryptocurrency-related fraud is entering a new era. As these criminal networks evolve and spread, international cooperation has become more robust and unified than ever.
💬 Do you think global enforcement actions will curb cryptocurrency-related fraud, or will it continue to evolve faster than regulators can keep up? Share your thoughts below.
