Panel IV: Money Laundering – Product of Fraud ......Panel IV: Money Laundering – Product of...

Panel IV: Money Laundering –Product of Fraud & International Sanctions

Europol Unclassified – Basic Protection Level

Bucharest, 17/11/17

Grzegorz MAZURKIEWICZ

grzegorz.mazurkiewicz@europol.europa.eutel.: +31 70 3025326

AP Terminal – OperationsEuropean Cybercrime Centre (EC3)EUROPOL

EMMA – European Money Mule Action1, 2 & 3

Europol Unclassified – Basic Protection Level

International Fraud Awareness WeekFraud & Compliance “The way from Prevention to Deterrence”

Visit:https://www.youtube.com/watch?v=C4J4qg4F7bM

What is money muling in 60 seconds or less..

What is money muling in 60 seconds or less.mp4

Europol Unclassified – Basic Protection Level

• More than 1200 money mules identified across Europe (with links to Ukraine, Qatar, Nigeria, Kenya, and Brazil);

• 580 interrogations and 260 arrests;

• More than 1900 fraudulent transactions reported and linked to MM with more than 100 banks involved;

• 1800 victims identified;

• Losses € 31 million; Seized: € 2.500k;

Europol Unclassified – Basic Protection Level

Results achieved.. in EMMA 1 & 2

BANKS LEAsJOINT

ACTIONWEEK-sIncidents reporting

Cases defining

EMMA operational procedure

preventioncampaign

European levelMS level

Analysis Project (AP)

Terminal

European coordination of EMMAEuropol & Eurojust

Europol Liaison Officers/Eurojust

Prosecutors

Command Post at Europol

Secure Exchange of Operational Information

- SIENA

Europol databases

EC3 AP Terminal

database

MLAT exchange assistanceOn the spot

support

Judicial Coordination

Centre at Eurojust

Mobile Officeoperational /

technical assistance

Europol Unclassified – Basic Protection Level

EMMA2 OPERATIONAL ACTIONS IN 11 countries:

BG, ES, FR, GR, IT, NL, PL, PT, RO, UK, and UKR

MEDIA PREVENTION ONLY IN 6 countries:

DE, HR, HU, LV, MD, and US

EMMA 2 participation

Europol Unclassified – Basic Protection Level

Europol Unclassified – Basic Protection Level

EC3-AP Terminal

2nd European Money Mule Action (EMMA2)Operations 14-18 Nov16 & Media prevention 22-25 Nov16

178 arrests in successful hit against money muling.

The hit on this wide-spread crime was supported by 106 banks and private partners.

Europol Unclassified – Basic Protection Level

10 Europol Unclassified – Basic Protection Level

14 Money Mules arrested in UK linked to

Dyre & Dridex malware

VIDEO link:

https://www.youtube.com/watch?v=gh2EvFzhydc

Losses in excess of £13 million (!)

Europol Unclassified – Basic Protection Level

Europol Unclassified – Basic Protection Level

EMPACT – European Multidisciplinary Platform Against Criminal ThreatsCybercrime Payment Card Fraud Priority Operational Action 4.1 EMMA 1,2 & 3

Interaction with the private sector at national and international level in order to assist national/international investigations related to money mule networks.

MS to continue to focus on identifying and investigating money/goods mule cases.

EMMA 1, 2 & 3

Europol Unclassified – Basic Protection Level

Visit: https://www.europol.europa.eu/content/money-muling

• How are money mules recruited?

• Who are the most targeted individuals?

• What are the warning signs?

• How to protect oneself?(..be cautious of unsolicited emails or approaches over social media..)

• What to do?(..if you have received a job offer..)

Dedicated page on money muling

Europol Unclassified – Basic Protection Level

Thank you, any Qs?

Grzegorz MAZURKIEWICZ

grzegorz.mazurkiewicz@europol.europa.eutel.: +31 70 3025326

AP Terminal – OperationsEuropean Cybercrime Centre (EC3)EUROPOL

Bucharest, 17/11/17

Europol Unclassified – Basic Protection Level