{"id":37106,"date":"2021-12-04T15:02:59","date_gmt":"2021-12-04T14:02:59","guid":{"rendered":"https:\/\/www.w-t-w.org\/en\/?p=37106"},"modified":"2021-12-04T15:03:23","modified_gmt":"2021-12-04T14:03:23","slug":"european-money-mule-action-leads-to-1-803-arrests","status":"publish","type":"post","link":"https:\/\/www.w-t-w.org\/en\/european-money-mule-action-leads-to-1-803-arrests\/","title":{"rendered":"European Money Mule Action Leads To 1 803 Arrests"},"content":{"rendered":"
Ivestigation reveals money mules were laundering profits from online fraud schemes such \"Europolas business email compromise and Forex scams.<\/div>\n
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Today saw the conclusion of the anti-money mule operation EMMA 7, an international action coordinated by Europol in cooperation with 26 countries, Eurojust, INTERPOL, the European Banking Federation (EBF) and the FinTech FinCrime Exchange. The operation resulted in 1 803 arrests and the identification of over 18 000 money mules. It also revealed that money mules were being used to launder money for a wide array of online scams such as sim-swapping, man in the middle attacks, e-commerce fraud and phishing.<\/p>\n

Over roughly two and a half months of operations, EMMA 7 saw law enforcement, financial institutions and the private sector, including Western Union, Microsoft and Fourthline, cooperate in a concerted effort against money laundering in Europe, Asia, North America, Colombia and Australia. As well as targeting the laundering of profits through money muling networks, investigators also sought intelligence on the sources of these illicit profits, shedding more light on the size and nature of the criminal economies that money mules serve. <\/p>\n

Results from 15 September \u2013 30 November<\/strong><\/p>\n