Monday, January 18, 2021

Council of Europe calls for cross border Europol team on money laundering

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Council of Europe’s parliamentary assembly (PACE) has called on member states to set up a Europol Joint Investigation Team (JIT) that will investigate money laundering networks across borders.

PACE has expressed its deep concern at the extent of money laundering in Council of Europe member states, notably the recent examples known as the “Global Laundromat”, the “Azerbaijani Laundromat” and the “Troika Laundromat”, and has urged improved national mechanisms and international co-operation to fight it.

The Global Laundromat involved corrupt Moldovan judges, the parliamentarians said, while the Troika Laundromat involved people close to the heart of State power and the Azerbaijani Laundromat contributed to corruption within the Parliamentary Assembly itself. None has been adequately investigated by national authorities.

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