US, UK launch joint alliance targeting crypto scam centers

The useful part

The agreement includes parallel investigations and information sharing, with US and UK authorities planning a private-sector disruption operation in London in October. Kingdom have formed a joint law enforcement alliance targeting scam centers involved in crypto and cyber-enabled investment fraud. The DOJ described it as the "first-of-its-kind" international cooperation agreement aimed at disabling such scam centers.

How it works

• Under the agreement, the agencies will conduct parallel investigations into common targets, share information on organized crime syndicates and discuss which jurisdictions should prosecute specific cases.
• The DOJ said the authorities have already identified overlapping cases and plan an in-person disruption operation with private-sector partners in London in early October.

Details worth keeping

On Thursday, the US Department of Justice announced that the US Attorney's Office for the District of Columbia, the Crown Prosecution Service of England and Wales and the UK National Crime Agency had signed a memorandum of understanding.