Over €17.5 million intercepted and 2,460 money mules arrested worldwide: Europol

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Operations carried out under European Money Mule Action from Colombia to Australia 

Europol has announced that a worldwide crackdown targeting money laundering resulted in the arrest of over 2,469 money mules. According to an official press release by the Europol from Monday, December 5, law enforcers from 25 countries launched a major crackdown on money mules and their recruiters. Funds worth over €17.5 million were also intercepted and 4 089 fraudulent transactions were also identified, the report said.  

The operations were conducted between mid-September until the end of November and aside from the arrests, 8,755 other money mules have also been identified. The report said, “Now in its eighth edition, the European Money Mule Action (EMMA8) has gone international, with actions carried out in countries as far apart as Colombia, Singapore and Australia”.  

The report also added, “EMMA is the largest international operation of its kind, built around the idea that public-private information sharing is key to fighting complex modern crimes”. 

The operations are being supported by Europol, Eurojust, INTERPOL and the European Banking Federation. The Europol report said, over 1800 banks and financial institutions also supported the law enforcement agencies in this action. Aside from this, online money transfer services, crypto currency exchanged, Fintech and KYC companies, and multinational computer technology corporations gave their support during this operation.

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