In Sri Lanka, authorities conducted raids across the country leading to the arrest of more than 200 Chinese nationals involved in financial scams targeting victims across Asia. These scammers conducted pig butchering scams, engaging middle-aged and elderly victims in fake business or stock investments. The arrests coincided with reports by the U
N. Office on Drugs and Crime highlighting the rise of sophisticated Asian crime syndicates conducting large-scale scam operations, amounting to up to $37 billion in 2023. Chinese nationals have been found to be a significant part of criminal networks in Southeast Asia, taking in an estimated $64 billion by the end of 2023. The Chinese embassy in Colombo expressed support for law enforcement operations in Sri Lanka to crack down on financial fraud and cyber scams. https://www.bankinfosecurity.com/sri-lankan-police-arrest-over-200-chinese-scammers-a-26531