INTERPOL arrests 58 in global crackdown on Black Axe crime network

An international sting operation has dismantled significant parts of West African organized crime networks operating globally. Codenamed Operation Jackal IV, the eight-month effort by INTERPOL led to 58 arrests and the identification of 263 suspects across 22 countries. The operation specifically targeted groups like Black Axe, which are known for cyber-enabled financial fraud, including romance scams, cryptocurrency schemes, and business email compromise fraud.

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An eight-month operation targeting West African organised crime groups has led to 58 arrests and the identification of 263 suspects.

The crackdown aimed to disrupt money laundering, identify key targets, seize criminal assets, and support arrests and prosecutions. INTERPOL officials highlighted the success of international cooperation in attacking the "lifeblood of organized crime." The operation's scope spanned six continents, reflecting the escalating global threat posed by these networks.

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These groups are responsible for a significant share of the world’s cyber-enabled financial fraud, typically through romance scams, cryptocurrency and investment scams or business email compromise fraud, as well as other serious and violent crimes.

Investigations yielded substantial results in various countries. In Argentina, 196 individuals were identified for their alleged roles in a Crime-as-a-Service network, leading to 17 arrests. South Africa saw authorities raid locations linked to romance and investment scams targeting retirees, resulting in 39 arrests and the seizure of $2.67 million and 257 blocked bank accounts. Italy's investigation into a money laundering network uncovered a single account that processed €845,000 through 560 transactions. Romania dismantled an investment scam operation, arresting 11 people and seizing approximately €330,000 in cash and cryptocurrency, along with properties and luxury watches, from a scheme estimated to have stolen €143 million.

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Operation Jackal IV demonstrates the power of international cooperation. By following illicit financial flows across borders, we are attacking the very lifeblood of organized crime and making it increasingly difficult for criminal networks to profit from their activities.