Amid an exponential increase in online fraud, an INTERPOL-coordinated operation codenamed HAECHI-I mobilized more than 40 specialized law enforcement officers across the Asia Pacific region. Over six months of coordinated intelligence collection and joint operations, police were able to intercept a total of $83 million in illicit funds transferred from victims to the perpetrators of cyber-enabled financial crime.
Officially concluding last week, Operation HAECHI-I focused particularly on five types of online financial crime: investment fraud, romance scams, money laundering associated with illegal online gambling, online sextortion and voice phishing.
More than 1600 frozen bank accounts during Operation HAECHI-I
More than 1400 investigations were opened during HAECHI-I’s six-month operational phase (September 2020 – March 2021) – many of which remain ongoing – and 892 cases were solved.
While the operation focused on the Asia Pacific…