Europol announced the arrest of 1803 money mules

Europol announced the arrest of 1803 money mules

Representatives of Europol reported on the arrest of 1803 money mules, as well as on the identification of 18 351 persons engaged in such activities as a result of the international operation against money laundering EMMA 7. As the name implies, this is not the first operation of this kind. first EMMA was held back in 2016.

The operation was carried out in cooperation with law enforcement agencies in 27 countries of the world from September 15 to November 30, 2021. Participants in the fight against money laundering: Australia, Austria, Belgium, Bulgaria, Colombia, Czech Republic, Estonia, Finland, Greece, Germany, Hong Kong, Hungary, Ireland, Italy, Moldova, Netherlands, Poland, Portugal, Romania, Singapore, Slovak Republic , Slovenia, Sweden, Switzerland, Spain, UK and USA.

In two and a half months, 2,503 separate investigations were conducted. Overall, the operation is reported to have averted $ 76.5 million in losses by stopping or canceling nearly 7,000 fraudulent transactions at 400 financial institutions.

This time, most EMMA 7 investigations focused on the international money laundering phenomenon and resulted in the identification of 324 recruiters. Let me remind you that money mules are people who receive and transfer money on behalf of the attackers, thereby helping them launder the stolen amounts (in exchange for a small share).

“Organized crime groups are recruiting mules, targeting groups such as students, immigrants and people in economic distress. They are being offered easy money through legitimate-looking job ads and social media posts, Europol representatives write. – Ignorance is not an excuse when it comes to the law and money laundering; they are breaking the law by laundering illegal proceeds of crime. “

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