The Hong Kong Police Force recently launched a joint operation with police from nine countries and regions, including Macau, Brunei, Canada, Indonesia, Malaysia, Maldives, Singapore, South Korea, and Thailand, to combat cross-border fraud and money laundering activities through the anti fraud cross-border cooperation platform "FRONTIER+". In a nearly two month operation, law enforcement agencies in 10 regions deployed over 3200 law enforcement personnel to successfully identify and dismantle multiple cross-border fraud networks, arresting a total of 3018 people and involving over 138000 fraud cases, including online shopping fraud, job fraud, investment fraud, etc., with a total loss of 752 million US dollars. The operation froze over 100000 bank accounts, intercepted the flow of criminal funds, and intercepted approximately $161 million in fraudulent payments. The Hong Kong police arrested a total of 870 people, aged between 13 and 83, involved in 742 cases, mainly including online shopping, telephone, investment, and job fraud cases, and successfully intercepted about HKD 539 million in fraudulent payments. The investigation shows that the money laundering situation of fraud groups through virtual asset platforms is on the rise, and various regions need to continue to improve their ability to deal with crimes involving virtual assets through intelligence exchange and cooperation mechanisms. (Looking into the New Era)