Security News > 2021 > June > Operation HAECHI-I intercepts $83M in online financial crimes

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.

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.

While the operation focused on the Asia Pacific region, the borderless nature of these online crimes meant that investigations soon spread to include law enforcement on every continent.

"The results of Operation HAECHI-I demonstrate that online financial crime is fundamentally global and that only through close international cooperation can we effectively combat these criminals," added Ms de Wild.

Soon after the company reported the scam to authorities, Korean law enforcement alerted INTERPOL's financial crimes unit and related INTERPOL contact points.

Operation HAECHI-I is the first operation in a three-year project to tackle cyber-enabled financial crime supported by the Republic of Korea.

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