EU4Justice will soon host a workshop dedicated to new trends observed in money laundering in COVID-19 pandemics.
Since the beginning of the COVID-19 outbreak, various fraudulent schemes and scams taking advantage of the crisis have been reported. Criminals are exploiting the crisis by adapting their modes of operation or developing new criminal activities. The crisis has also added a new layer of complexity in determining and mitigating crimes, like bribery and corruption in international transactions. The COVID-19 pandemic has brought new and sizeable challenges for everyone around the world, including FIUs. To strengthen the capabilities of FIUs during this emerging crisis, ECOFEL conducted a series of virtual roundtables. The virtual roundtables have informed the original paper, together with a stocktaking exercise of open-source material published by Egmont Group members, Observers, and other international organisations.
This Egmont Group serves as a reminder of the importance of having a proactive approach in analyzing criminal trends in a period where criminals are trying to use all means for laundering their money, integrating their activities even more in the legal economy although this publication is targeting Financial International Units, it could be used as a guidance for all professional involved in the fight on financial crimes.
The Publication is available at the following link.
