In a global crackdown on West African organised crime networks spanning five continents, law enforcement apprehended 300 individuals, confiscated $3 million, and froze 720 bank accounts, as revealed by Interpol on Tuesday.
The agency stated that Operation Jackal III, which ran from April 10 to July 3 and involved 21 countries, sought to combat online financial fraud and the West African syndicates responsible.
“The volume of financial fraud stemming from West Africa is alarming and increasing,” said Isaac Oginni, director of Interpol’s Financial Crime and Anti-Corruption Centre
The agency identified Black Axe as one of the key criminal networks in West Africa. Known for engaging in cyber fraud, human trafficking, and drug smuggling, Black Axe is also responsible for perpetrating violent crimes both locally and internationally.
The organization reportedly used money mules to establish bank accounts worldwide, and more than 40 countries are investigating them for potential involvement in money laundering activities. Persons of interest are Argentinian, Colombian, Nigerian, and Venezuelan nationals.
After a five-year investigation in Argentina, authorities confiscated about $1.2 million worth of counterfeit banknotes, frozen scores of bank accounts, and detained dozens.
The largest police organization globally is facing new challenges, including a rising number of cybercrimes and child sexual abuse cases, as well as growing divisions among its member countries.