threat-intel
Interpol Leverages Global System to Curtail Fraud Payments
High
Summary
Interpol has launched I-GRIP, a global system connecting law enforcement agencies and financial institutions to rapidly intercept fraudulent payments and curb transnational criminal activity. The system, operational since August 2024, has successfully halted over $40 million in illicit funds transferred between Singapore and Timor Leste, highlighting the increasing need for real-time cross-border cooperation to combat evolving fraud schemes, particularly those utilizing cryptocurrencies.
Summary written automatically in our own words from the original article, which belongs to its publisher and remains the reference. It may contain errors. Sources & data