A U.N. report says Southeast Asia-based criminal groups are using increasingly integrated networks and technology to build a rapidly growing illicit economy with tentacles that reach far beyond Asia, costing victims more than $88 billion a year alone i...

The losses from online scams, mostly investment fraud, are at least triple that from 2023, reflecting a ‘dramatic scaling’, the report says.

Networks that once operated within specific territories or illicit trades are increasingly expanding across multiple illegal markets while using shared services, said Delphine…