Emerging Threat

Painting of a pig operating a mobile phone representing the concept of pig butchering.

Money Laundering Tied to Pig-Butchering Scams is Increasingly Sophisticated, Report Finds

Pig-butchering schemes have scaled into a multibillion-dollar criminal industry, according to a new report by blockchain analytics firm Elliptic cited by CoinDesk.

Pemex gas station — Case, D. (2015, July 20). Pemex station near Basilica of Our Lady of Guadalupe Basilica, Mexico City [Photograph]. Wikimedia Commons. Licensed under CC BY‑SA 3.0. Source: Wikimedia Commons, edited

Mexico Launches Crackdown on Cross-Border Fuel Theft

Mexico’s attorney general has vowed to issue more arrest warrants—potentially targeting government officials—in connection with sprawling fuel theft operations that siphon billions of dollars from the country.