Pig Butchering Crypto Scams Exploit UK’s Companies House: ReportThe term pig butchering can be described as an unsuspecting victim or the “pig” being lured by malicious entities into forking over their money. The threat is growing at a rapid pace.
Despite rampant fraudulent activities and concerns about potential money laundering via the UK, the country has mostly turned a blind eye. A similar sentiment was echoed by Margaret Hodge, MP and chair of the APPG on Anti-Corruption and Responsible Tax, who said that traffickers, drug smugglers, fraudsters, and scammers have been exploiting the UK’s lax and opaque corporate laws for years.
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