COVID-19 Emergency: update on national and international measures of prevention of money laundering
Updated data on COVID-19 reporting
The reporting transmitted to FIU are 113.187: 2.257 are related to context pandemic, 1.502 of them were transmitted to FIU in the second 20half of 2020 regarding fraud alerts discovered during the COVID-19 pandemic.
About 20% of these reporting are due to unusual or suspicious cash transactions.
The FIU’s Communication of 11th February 2021
The pandemic emergency increases the financial stress, so the FIU is committed to identify new risks of money laundering or terrorist financing and to report them to economic and financial agents.
Same insights from FIU’s newsletter:
- greater focus on the public procedures for the provision of medical products;
- the infiltration risk caused by the criminal organisations remains high especially for the spread of vaccines;
- more attention on public funding;
- the intermediaries have to realize information-related synergies to discover illegal activities;
- more control on risks related to dark web.
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