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Last week, INTERPOL gathered over 2,300 virtual participants from 
law enforcement and 
the private sector to discuss how 2020 impacted financial #fraud and #MoneyLaundering worldwide.
Here are some key trends and takeaways
law enforcement and the private sector to discuss how 2020 impacted financial #fraud and #MoneyLaundering worldwide. Here are some key trends and takeaways
The discussion followed a previous law enforcement-only webinar on combating #FinancialCrime by tracing and intercepting illicit money transfers.“
Bottom line for victims: Call your bank, call the police and act quickly. https://www.interpol.int/en/News-and-Events/News/2020/Online-scams-It-might-not-be-too-late-to-get-your-money-back
Bottom line for victims: Call your bank, call the police and act quickly. https://www.interpol.int/en/News-and-Events/News/2020/Online-scams-It-might-not-be-too-late-to-get-your-money-back
For many participants, business email compromise, or #BECFraud, was the most prominent financial #fraud encountered in 2020. This includes #CEOFraud and payment or money diversion fraud.
However, several expert panelists also mentioned surging rates of #InvestmentFraud throughout last year.
Last month, INTERPOL issued an alert to its 194 members on fraudsters using dating apps to orchestrate sophisticated investment fraud schemes. https://www.interpol.int/en/News-and-Events/News/2021/Investment-fraud-via-dating-apps
Last month, INTERPOL issued an alert to its 194 members on fraudsters using dating apps to orchestrate sophisticated investment fraud schemes. https://www.interpol.int/en/News-and-Events/News/2021/Investment-fraud-via-dating-apps
Asked about the major challenges in tracing and intercepting illicit money flows, participants said that 
time and 
international cooperation are fundamental. Effective systems to intercept illicit funds exist but strong links are needed to ensure steps are taken fast enough.
time and international cooperation are fundamental. Effective systems to intercept illicit funds exist but strong links are needed to ensure steps are taken fast enough.
INTERPOL’s #FinancialCrime unit will continue to work with public and private partners to reinforce this international cooperation and ensure that
perpetrators are brought to justice and
victims’ funds aren’t lost for good https://www.interpol.int/en/Crimes/Financial-crime/Our-role-in-fighting-financial-crime
perpetrators are brought to justice and victims’ funds aren’t lost for good https://www.interpol.int/en/Crimes/Financial-crime/Our-role-in-fighting-financial-crime
