According to CoinMeta, the National Economic Crime Unit of the UK (NECC) pointed out in its annual report released this week that criminals are "innovatively" using crypto asset products to evade investigation and to transfer illegal funds on a large scale. Crypto assets rank third among the nine economic crime priorities identified by this agency in conjunction with the Financial Conduct Authority (FCA), the Home Office, and the Ministry of Finance. NECC stated that efforts are being made to build a more proactive and intelligence-driven capability to combat crypto assets, but no specific measures were disclosed. Previously, NECC in collaboration with the US Secret Service, Coinbase, Binance, Kraken, and Tether conducted an operation that identified 20,000 victims of phishing attacks and froze $12 million in assets in March.