"Rapid Money Laundering Response Helps Intercept $27m"

International law enforcers have arrested over 1,000 suspects and seized nearly $27m in criminal funds associated with online fraud and money laundering, according to Interpol.  Interpol stated that its Haechi-II operation took place over four months from June to September 2021, bringing together investigators from 20 countries plus Hong Kong and Macao.  The crackdown allowed police to close 1660 cases and block 2350 bank accounts linked to illegal activity.   Interpol stated that this was done in many cases via a new global mechanism piloted during the campaign, known as the Anti-Money Laundering Rapid Response Protocol (ARRP).  In one case, ARRP reportedly led to the rapid interception of $8m headed to Chinese bank accounts after a Colombian textiles firm was defrauded in a sophisticated business email compromise (BEC) scam.

Infosecurity reports: "Rapid Money Laundering Response Helps Intercept $27m"