Europol Continues Money Mule Crackdown With 228 Arrests

Europol has made further efforts to thwart the use of money mules by criminal enterprises, making 228 arrests in its latest spate of action against a practice relied upon by money launderers.

Along with local law enforcement from 31 European countries, as well as Eurojust and the European Banking Federation, the continent’s top enforcement agency identified nearly 4,000 money mules working for hundreds of recruiters.

The action also involved the participation of 650 banks, 17 banking associations and assorted other financial institutions. Together they reported 7,520 money mule transactions, preventing €12.9m of illicit funds being lost.

Request a Free Trial

As a trusted source of regulatory intelligence for the global payments industry, we enable organisations to manage the growing volume and velocity of regulatory risk with confidence, empowering more informed and effective decision making, in an efficient and cost-effective way.

Take a Trial