# Stronger global cooperation required to address $2 billion scam industry

- Link: https://www.thailand-business-news.com/china/160928-stronger-global-cooperation-required-to-address-2-billion-scam-industry
- Published: 2024-09-08T16:19:51+07:00
- Author: Li Zhong

**Thai gangs, trained by Chinese criminals, exploit social media for scams, targeting
vulnerable victims, particularly the elderly. U.S. authorities warn of increased
trafficking into these syndicates.**

Narin, a 20-year-old from northern Thailand, recounted his involvement with Chinese
gangs that trained him to create credible social media profiles to target victims.
After his training, he identified victims on platforms like Facebook and Instagram.
This reflects a larger crisis, as Thailand has reported over 78.8 million scam calls
and texts, with many scams now targeting Americans.

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U.S. officials have warned about growing trafficking into Asian scam syndicates,
highlighted by the indictment of four individuals accused of laundering $80 million.
Narin’s experience illustrates the dark journey into cybercrime, including fake 
identity schemes targeting online shoppers and investment scams preying on older
adults.

Thailand is facing a significant challenge that threatens the financial security
of its citizens: [the rise of financial scams](https://www.thailand-business-news.com/crime/138840-the-surge-of-financial-scams-in-thailand-a-call-for-vigilance-and-action).
In recent years, the nation has seen a surge in fraudulent activities, placing it
among the top three countries in the Asia-Pacific region affected by this menace.

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The [scammers](https://www.thailand-business-news.com/crime/129001-cryptocurrency-scam-in-southeast-asia-inside-the-pig-butchering-factory?swcfpc=1)
often use sophisticated techniques to manipulate and brainwash their victims, such
as creating fake news articles, websites and testimonials, sending them romantic
messages and gifts, and isolating them from their friends and family.

Thai authorities are cracking down on these operations, particularly focused on 
disrupting telecommunications used by these criminal networks. Despite some success,
the complexity of these syndicates and their cross-border nature pose significant
challenges. Experts emphasize the need for stronger international cooperation to
combat this global threat effectively.

**Source** : [Inside Thailand’s $2 Billion Scam Industry Now Targeting Americans](https://www.newsweek.com/inside-thailand-2-billion-china-scam-industry-now-targeting-americans-1947561?rand=157030)