US, Britain to coordinate on scam center takedowns
The US and UK signed an MOU to jointly investigate Southeast Asian scam compounds behind fraud that stole over $12 billion from Americans last year.
The DOJ and UK's National Crime Agency and Crown Prosecutor signed a memorandum of understanding on Thursday for parallel investigations and information sharing on scam centers, largely run by Chinese gangs using human trafficking victims in compounds across Myanmar, Cambodia, and Laos. The Scam Center Strike Force, with more than 150 personnel from the FBI, IRS, and US Postal Inspection Service, leads the effort; the FBI says cyber-enabled fraud accounted for almost 85% of reported losses, with over $12 billion stolen from Americans last year. An in-person disruption event with private industry partners is planned in London in early October. The initiative follows sanctions on Prince Group and a roughly $15 billion bitcoin seizure linked to its CEO Chen Zhi.
- MOU commits both nations to parallel investigations, case prioritization, and information sharing on scam syndicates.
- In-person disruption event with private industry partners planned in London in early October.
- Scam compounds in Myanmar, Cambodia, and Laos run by Chinese gangs staffed with trafficking victims.
- Prior success includes Prince Group sanctions and seizure of about $15 billion in bitcoin.
- Tags
- human-traffickinginvestment-fraudlaw-enforcementpolicyprince-groupromance-fraudsanctionsscam-centers
- Threat actors
- Chinese crime syndicates
- Victims
- Prince Group
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