DOZENS HELD IN GLOBAL MONEY LAUNDERING SWOOP

On 4th December, various media site reported a Europol news release that announced that 228 arrests and over 3800 money mules identified in an operation involving law enforcement in 31 countries.  This was the 5th European Money Mule Action (EMMA 5) and took place between September and November.  More than 650 banks, 17 bank associations and other financial institutions helped to report 7520 fraudulent money mule transactions, preventing a total loss of €12.9 million.

https://www.europol.europa.eu/newsroom/news/228-arrests-and-over-3800-money-mules-identified-in-global-action-against-money-laundering

More information on money mules is at –

https://www.europol.europa.eu/activities-services/public-awareness-and-prevention-guides/money-muling

This blog is primarily for my own use, to keep informed and up to date. However, if you would like to say thank you (and perhaps help me get a new, better laptop when I am away…) you can “buy me a coffee” at https://www.buymeacoffee.com/KoIvM842y

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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