UAE Leads 30-Nation Anti-Fraud Operation Identifying $39 Billion in Fraudulent Funds and Arresting 960 Individuals

The Ministry of Interior of the UAE announced that it led a multinational anti-fraud operation, codenamed "Confrontation Ghost," in collaboration with 30 countries, Interpol, and 13 private institutions from July 1 to September 30. The operation focused on combating AI fraud, digital financial fraud, and cyber extortion crimes. This initiative identified over $39 billion in funds and cryptocurrencies related to fraudulent activities, involving more than 15,500 victims and 3,500 suspects, resulting in the arrest of over 960 individuals, the raiding of 29 fraud centers, and the identification of over 4,100 fraudulent bank accounts. Currently, the participating parties are working to recover the related assets.