The U.S. Scam Center Strike Force Signs UK Fraud MOU
The U.S. Scam Center Strike Force and UK authorities have signed a Memorandum of Understanding (MOU) to strengthen cooperation against cryptocurrency and cyber-enabled investment fraud.
The agreement brings together the U.S. Attorney’s Office for the District of Columbia, the Crown Prosecution Service of England & Wales, and the UK’s National Crime Agency (NCA).
U.S. and UK to Coordinate Fraud Cases
Under the MOU, the agencies will conduct parallel investigations, share information on organized crime syndicates, discuss jurisdictions for specific cases, and prioritize cases involving common threats.
U.S. Attorney Jeanine Ferris Pirro, Crown Prosecutor Stephen Parkinson, and NCA Director General Graeme Biggar signed the agreement.
Crypto Investment Fraud Under Focus
The DOJ said scam centers are contributing to significant financial losses. Cyber-enabled fraud accounted for almost 85% of all losses reported to the FBI’s Internet Crime Complaint Center (IC3) in 2025.
Reported cryptocurrency investment fraud losses increased from $4.57 billion in 2023 to $8.65 billion in 2025, an increase of 89%.
The figures are largely based on victim reports and may significantly understate actual losses because many victims do not report fraud.
Strike Force Expands International Cooperation
The Scam Center Strike Force was launched in November 2025 to address scam centers operated by Chinese organized crime syndicates, primarily in Southeast Asia.
The Strike Force focuses on cryptocurrency investment fraud, cyber-enabled fraud, human trafficking and money laundering. The agencies also plan an in-person disruption event with private-sector partners in London in early October, hosted by the NCA.
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Investors should verify a broker or financial service provider’s regulatory status and legal entity before opening an account or transferring funds. A website, social media account or trading platform alone does not prove that a provider is authorized.
For more information, readers can visit our Broker Reviews and Scam Alerts sections for the latest risk reports and regulatory developments.
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