Loose networks of powerful criminal organizations that run complex money-laundering schemes across the European Union and bribe officials to avoid scrutiny increasingly risk undermining the rule of law, the bloc's most senior financial investigator told ACAMS moneylaundering.com. In response to mounting instances of fraud, counterfeiting and other financially-motivated crimes, national authorities should prioritize following the money trail, said Burkhard Muhl, head of Europol's Economic and Financial Crime Center, or EFECC. The center launched in June 2020 with the goal of boosting the dissemination and use of financial intelligence among member states conducting joint probes of cross-border criminal organizations. In an...
The European Union's preeminent law enforcement agency formally established a new unit exclusively tasked with bolstering the use of financial intelligence in member states' joint investigations of international crime syndicates.
print