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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. Europol's European Financial and Economic Crime Centre, or EFECC, aims to provide national law enforcement bodies with high-quality account and transactional data and analysis to help them advance fraud, money laundering, counterfeiting and other criminal cases, the agency said Friday. "We want to promote…more actions looking into the assets of criminals, the financial streams and suspicious transactions," Igor Angelini, senior specialist on financial crime at Europol, told ACAMS moneylaundering.com. "We...