UAE Fraud Operation Identifies $39 Billion in Linked Assets
The UAE Ministry of Interior says Operation Confrontation Ghost identified more than $39 billion in funds and digital assets linked to fraudulent activity, the UAE news agency WAM reported. The operation ran from July 1 to September 30, 2026, targeting fraud enabled by AI, digital financial fraud and online sexual extortion.
Authorities identified more than 15,500 victims and 3,500 suspects, resulting in over 960 arrests and raids on 29 fraud centers. Participants also blocked 4,126 bank accounts, closed more than 570 social media accounts and exchanged over 9,000 pieces of intelligence.
The operation involved law enforcement agencies from 30 countries, along with INTERPOL, the Global Anti-Scam Alliance and 13 technology and financial partners. The participating countries, jurisdictions and companies are working to recover the identified assets.
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