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What you need to know before registering a company in the UAE
Company Registration
Banking Solutions in the UAE & Oman
Corporate Compliance & Reporting
Annual Corporate Maintenance Services in the UAE
Legal & Corporate Support Services
Business Acquisition & Ready-Made Companies in the UAE
Corporate Legal Services in the UAE
Business Partnerships & Joint Ventures in the UAE
Types of companies in the UAE. Types of activities
UAE Visas
Government Bodies. What Issues They Address
Types of Legal Entities
Licensing
What you need to know before registering a company in the UAE
Company Registration
Banking Solutions in the UAE & Oman
Corporate Compliance & Reporting
Annual Corporate Maintenance Services in the UAE
Legal & Corporate Support Services
Business Acquisition & Ready-Made Companies in the UAE
Corporate Legal Services in the UAE
Business Partnerships & Joint Ventures in the UAE
Types of companies in the UAE. Types of activities
UAE Visas
Government Bodies. What Issues They Address
Types of Legal Entities
Licensing
## US-Led Operation Targets Scam Networks
The US Department of Justice (DOJ) has played a significant role in dismantling online scam centers in Madagascar. These centers, operated by Chinese nationals, were part of a broader network using cryptocurrency for fraudulent activities. The DOJ's Strike Force, established to combat global crypto fraud, collaborated with local authorities to take down 13 scam compounds.
## Major Financial Seizures
In a single day, approximately $52 million in cryptocurrency linked to money laundering was seized, contributing to a total of $938 million restrained by the Strike Force. The operation also targeted the Telegram channels of Xinbi Guarantee, a known scamming marketplace.
## Arrests and Repatriations
The crackdown led to the arrest of 500 individuals involved in these scams. The Madagascar justice ministry confirmed that 50 Chinese citizens, convicted of scam-related crimes, were repatriated to China to serve prison sentences ranging from two to ten years.
## Global Scam Network
US Attorney Jeanne Pirro highlighted the global spread of these scam networks, which now extend beyond Southeast Asia to regions including Africa and Central America. The US Treasury has imposed sanctions on entities supporting these operations, further intensifying efforts to curb their activities.
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