US and UK Lead Record Cybercrime Operation in Southeast Asia
techrepublic.comWe may earn from vendors via affiliate links or sponsorships. This might affect product placement on our site, but not the content of our reviews. See our Terms of Use for details.

The U.S. and U.K. have carried out their largest joint action to date targeting cybercriminal networks operating across Southeast Asia.
The coordinated measures focus on groups accused of running large-scale online scams that have defrauded victims worldwide and laundered billions of dollars.
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) and the Financial Crimes Enforcement Network (FinCEN), working alongside the U.K.’s Foreign, Commonwealth, and Development Office (FCDO), imposed sanctions and restrictions on entities linked to the Cambodia-based Prince Group Transnational Criminal Organization (TCO) and Huione Group, a financial conglomerate accused of laundering illicit funds.
“The rapid rise of transnational fraud has cost American citizens ...
Copyright of this story solely belongs to techrepublic.com . To see the full text click HERE