PANews reported on May 8 that a report released by the United Nations Office on Drugs and Crime (UNODC) in April 2025 pointed out that Southeast Asia has formed a systematic and industrialized ecosystem of cyber fraud centers, with annual revenues of nearly US$40 billion. With the help of special zones, casinos and anonymous payment networks, fraud gangs have rapidly expanded to Africa, the Middle East, the Americas and other regions, using blockchain, AI and underground financial systems to conduct global money laundering and fraud. The report emphasizes that illegal platforms such as Huione Guarantee have evolved into transnational black industry infrastructure, receiving more than US$24 billion in encrypted funds. UNODC calls on governments around the world to strengthen supervision and cross-border cooperation to curb the spread of this transnational cybercrime system.
UNODC warns that Southeast Asian fraud industry is spreading globally, with annual revenues approaching $40 billion
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