State of Financial Crime 2023 Report

Europe

On January 23, 2023, the Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (MONEYVAL) published Monaco’s fifth mutual evaluation report (MER). Following an on-site visit that concluded in March 2022, the report analyzes the level of compliance with the Financial Action Task Force’s 40 Recommendations and the level of effectiveness of Monaco’s anti-money laundering and combatting the financing of terrorism (AML/CFT) system.

On January 6, the Crown Prosecution Service (CPS) reported that six defendants, including a senior manager and two drivers of a road haulage business, have been imprisoned for operating a large-scale money laundering scheme involving over £30 million in cash. […]

On December 29, controversial online influencer Andrew Tate was detained by Romanian police as part of a human trafficking investigation that began in early 2021. According to Romania’s  Directorate for Investigating Organised Crime and Terrorism (DIICOT), Tate’s brother and two […]

Eva Kaili, one of the European Parliament’s 14 vice presidents, was among five arrested on bribery and corruption allegations during a probe by Belgian authorities. Investigations have uncovered a web including Kaili’s partner, former politicians, and NGO decision-makers. Nineteen or […]

On December 5, 2022, Europol announced the arrest of 2,469 money mules in its eighth edition of the European Money Mule Action (EMMA8). Supported by Eurojust, INTERPOL, and the European Banking Federation (EBF), the latest operational phase began in September […]

In a coordinated operation led by Europol’s European Cybercrime Centre (EC3) and the Merchant Risk Council, 59 scammers have been arrested for using stolen credit card numbers to purchase luxury items. The operation, called e-Commerce Action 2022 (eComm 2022), took […]