UAE-led 30-country anti-fraud operation identified more than 39000000000 USD in fraud-related funds and arrested more than 960 people
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AT A GLANCE
The UAE joined with 30 countries and multiple institutions to conduct a cross-border anti-fraud operation, targeting more than 39000000000 USD in fraud-related funds.
Article
The UAE united 30 countries and multiple companies to combat a cross-border digital fraud network, targeting more than 39000000000 USD in cryptocurrency and fiat currency
PANews October 23 reported that the UAE led a coalition of 30 countries' law enforcement agencies, INTERPOL, the Global Anti-Scam Alliance (GASA) and private-sector entities including Crypto.com, Mastercard and Meta, along with 13 private-sector institutions, in a multinational anti-fraud operation codenamed “Confrontation Ghost,” launched in July 1 to September 30 to combat the criminal networks behind cross-border digital fraud. The operation targeted more than 39000000000USD in suspected fraud-related funds (in fiat currency and cryptocurrency); participating countries, jurisdictions and private-sector partners are currently working together to recover these assets. During the 3-month operation, the countries identified more than 15,500 victims and 3,500 suspects, ultimately making 960 arrests and seizing...
The UAE led 30 countries' law enforcement agencies, INTERPOL, the Global Anti-Scam Alliance and 13 private-sector institutions in the operation.
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The operation was codenamed “Confrontation Ghost” and took place from July 1 to September 30。
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The operation targeted more than 39000000000 USD in fraud-related funds, involving fiat currency and cryptocurrency.
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The participants identified more than 15500 victims and 3500 suspects, and made 960 arrests.
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The participants are working together to recover the relevant assets.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This was a multinational anti-fraud operation. The participants tracked fiat currency and cryptocurrency funds believed to be related to fraud and identified victims and suspects; the original text is truncated at “seizing.”
Why it matters to readers
This indicates that cross-border law enforcement agencies, international organizations and private companies are cooperating to combat digital fraud networks; however, the specific scale of the cryptocurrency portion of the funds involved has not yet been disclosed.
Digital fraud may involve both bank funds and cryptocurrency. Readers should distinguish between “targeted funds” and “funds already recovered,” as they are not the same.
Risks and unknowns
The original text is truncated at “seizing...,” so the objects seized, their quantities and subsequent results cannot be confirmed.
39000000000 USD This is the total amount of targeted fraud-related fiat currency and cryptocurrency funds; the proportion consisting of cryptocurrency cannot be confirmed.
The amount actually frozen, seized or recovered cannot be confirmed from the original text.
The scale of the operation and the relevant data still lack confirmation from official statements beyond the original text.
