2 822 banks and financial institutions join forces with law enforcement agencies in global effort against money laundering
Law enforcement agencies from 26 countries, in collaboration with Europol, Eurojust, INTERPOL and several private industry partners, have once again joined forces to combat a key facilitator of money laundering: money mules and their recruiters. In June, October and November 2023, several operational phases identified 10 759 money mules and 474 recruiters, leading to the arrest of 1 013 individuals worldwide.
The ninth edition of the European Money Mule Action (EMMA 9), which was funded by
EMPACT and led by the Netherlands, was the continuation of an established international law enforcement effort. As in previous years, it involved operations around the globe, such as in Colombia, Singapore and Australia.
Results of the operation include:
- 10 759 money mules identified
- 474 recruiters/herders identified
- 1 013 individuals arrested
- 10 736 fraudulent transactions reported
- 4 659 investigations initiated
- 2 822 banks and financial institutions supported the action
- EUR 100 million losses reported
- EUR 32 million in losses prevented
