The United States and the United Kingdom have signed their first joint memorandum of understanding to combat overseas cryptocurrency and online fraud compounds. The agreement, signed by the U.S. Attorney's Office for the District of Columbia, the Crown Prosecution Service, and the National Crime Agency, aims to disrupt criminal networks through parallel investigations, intelligence sharing, and coordinated prosecutions. U.S. Attorney Zhenning Piro said the two countries will jointly target transnational criminal organizations that operate fraud compounds and use forced labor. The pact extends the "Fraud Center Strike Force" launched in November 2025, which has already frozen over $700 million in crypto assets linked to fraud compounds. Private sector involvement includes Coinbase, which froze over $3 million in funds related to Asian fraud groups during the Justice Department's crackdown week in June. Data shows that reported losses from online investment fraud in 2025 reached $8.65 billion, an 89% increase from 2023. This marks a significant step in US-UK law enforcement collaboration against crypto-related crime, building on previous efforts to freeze assets and prosecute perpetrators.
U.S. and UK law enforcement agencies on Thursday signed their first joint memorandum of understanding to go after overseas cryptocurrency and online fraud compounds. The deal was signed by the U.S. Attorney's Office for the District of Columbia, the Crown Prosecution Service, and the National Crime Agency. The goal: break up criminal networks through parallel investigations, intelligence sharing, and coordinated prosecutions.
U.S. Attorney Zhenning Piro said the two countries will work together to target transnational criminal organizations running fraud compounds and using forced labor. And this pact builds on the "Fraud Center Strike Force" launched in November 2025, which has already led U.S. authorities to freeze more than $700 million in crypto assets tied to fraud compounds.
The private sector has been involved too. Coinbase froze more than $3 million in funds tied to Asian fraud groups during the Justice Department's crackdown week in June. And the numbers are ugly: reported losses from online investment fraud in 2025 hit $8.65 billion, up 89% from 2023.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
