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Britain’s Public-Private AML Partnership Targets Fraud, Crypto Crime

By Koos Couvée

The creation of a public-private "targeting cell" to coordinate operations against fraud in Britain is helping U.K. authorities turn the tide against the country's scam epidemic, a senior official told ACAMS moneylaundering.com. Adrian Searle, who leads the U.K. National Economic Crime Centre, or NECC, a public-private partnership hosted by Britain's National Crime Agency, said the increasing availability of fraud toolkits online that enable scammers to target victims en masse, requires a new, "pro-active" approach that seeks to tackle the "highest-harm" offenders. In an interview with London bureau chief Koos Couvée, Searle also discussed the NECC's strategy for combating money laundering...

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