The US and UK have announced a joint law enforcement alliance to take on scam centers that use crypto and shady investment schemes. Both countries signed a memorandum of understanding between the American Scam Center Strike Force, the UK’s Crown Prosecution Service, and the National Crime Agency.

What Happened

This new initiative is all about systematically shutting down organized groups running fraudulent call centers and investment scams, especially those leveraging crypto tools. The partnership is formalized in a memorandum that spells out the framework and goals for their joint efforts.

How the Partnership Works

Members of the alliance have agreed to run parallel investigations, share intel, and coordinate cases against organized crime rings. This setup lets them sync up their moves on both sides of the Atlantic and quickly cross-reference evidence in cases involving cross-border money flows and crypto assets.

What’s Next

In October, they’re planning a joint operation in London with private sector partners. By coordinating with businesses, the alliance aims to ramp up its on-the-ground impact and speed up cases against outfits using crypto and investment pitches to scam people.