EUROPOL OPENS NEW FINANCIAL AND ECONOMIC CRIME CENTRE
June 2nd, 2020
The European Police Service (Europol) June 5 announced it has opened a new European Financial and Economic Crime Centre (EFECC) as a fully dedicated hub within its headquarters. Its goal will be to disrupt those involved in serious and organised crime, such as money laundering and fraud, helping law enforcement authorities follow the money trail during investigations and seize criminal profits, said a note from Europol. But the police body estimates that currently some 98.9% of criminal profits are not confiscated and remain in criminal hands. With its planned 65 ...
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