FinCEN reports its Rapid Response Program has intercepted nearly $2B in cyber-fraud losses by rapidly coordinating across jurisdictions to trace, freeze, and recover funds stolen by global scam networks

The programme operates through partnerships with U.S. law enforcement and foreign financial intelligence units to identify and halt fraudulent cross-border transactions before funds are dissipated. Financial institutions play a key role by promptly reporting suspicious activity and triggering rapid intervention, with effectiveness highest when incidents are reported within tight timeframes…