According to a report released by the United Nations Office on Drugs and Crime, a systematic online fraud ecosystem has been formed in Southeast Asia, with annual revenues of nearly $40 billion. Fraud gangs have expanded to Africa, the Middle East, the Americas and other places using special zones, casinos and anonymous payment networks.
The report pointed out that these gangs use blockchain, AI and underground financial systems to conduct global money laundering and fraud. Illegal platforms such as Huione Guarantee have become a transnational black industry infrastructure, receiving more than $24 billion in encrypted funds.
UNODC calls on governments around the world to strengthen supervision and cross-border collaboration to curb the spread of transnational cybercrime systems.