Authorities from the Philippines have announced the results of the “biggest and most resolute” operation carried out against cybercriminals: 357 foreign nationals arrested.
The suspects are mainly from Taiwan and China, and they were apprehended as a result of collaboration between the Presidential Anti-Organized Crime Commission (PAOCC) and the Criminal Investigation and Detection Group (CIDG).
The police state that most of the arrested individuals have been involved in international telecom and financial fraud.
Apparently, they made a profit by calling individuals and telling them that their bank accounts are utilized by fraudsters to launder money. They would convince the victims to transfer the money into so-called “safe accounts.”
In order to make everything more legitimate-looking, the crooks would threaten to go to the police if the victims refused to comply.
The operation aims to show criminals who believe that the Philippines are a safe haven for illegal activities that they’re wrong.
Source
The suspects are mainly from Taiwan and China, and they were apprehended as a result of collaboration between the Presidential Anti-Organized Crime Commission (PAOCC) and the Criminal Investigation and Detection Group (CIDG).
The police state that most of the arrested individuals have been involved in international telecom and financial fraud.
Apparently, they made a profit by calling individuals and telling them that their bank accounts are utilized by fraudsters to launder money. They would convince the victims to transfer the money into so-called “safe accounts.”
In order to make everything more legitimate-looking, the crooks would threaten to go to the police if the victims refused to comply.
The operation aims to show criminals who believe that the Philippines are a safe haven for illegal activities that they’re wrong.
Source