EUROPOL Action Against European Money Laundering Operations – 2024

EUROPOL Action Against European Money Laundering Operations

Law Enforcement Actions Against Organized Crime in Europe

Authors:
• SCARS Editorial Team – Society of Citizens Against Relationship Scams Inc.
• EUROPOL

About This Article

Judicial and law enforcement authorities from Italy, Latvia, and Lithuania have collaborated to dismantle a large-scale money laundering operation, orchestrated through a Lithuanian financial institution, with over EUR 2 billion laundered since 2017.

The operation involved two main suspects who offered money laundering services online to criminals worldwide, resulting in their detention along with 16 others. Facilitated by Eurojust and Europol, the operation saw the freezing of over EUR 11.5 million in assets and bank accounts.

The institution facilitated fictitious transactions for various criminal activities, including tax evasion and organized crime, while one suspect defrauded Italian authorities of EUR 15 million.

SCARS Editorial Team2024-02-28T16:33:42-05:00February 28th, 2024|Categories: • CRIMINAL JUSTICE, 2024, EUROPOL, NEWS, SCARS Editorial Team|Tags: EUROPOL, Money Laundering, Organized Crime|

LockBit Ransomware Shut Down By Combined Global Law Enforcement – 2024

LockBit Ransomware Shut Down By Combined Global Law Enforcement

Global Operation Chronos Shuts Down LockBit Ransomware

Cybercrime News

Authors:
• SCARS Editorial Team – Society of Citizens Against Relationship Scams Inc.
• Europol
• U.S. Department of Justice

About This Article

FBI and Europol reports LockBit as the most deployed ransomware globally, with operations disrupted by law enforcement across ten countries. LockBit, infamous for causing extensive financial damage, saw its criminal activities severely compromised.

The international effort, led by the UK’s National Crime Agency under ‘Operation Cronos’, coordinated by Europol, dismantled LockBit’s infrastructure, including 34 seized servers. Arrests were made in Poland and Ukraine, with warrants issued by French and US authorities. Over 200 cryptocurrency accounts linked to the group were frozen.

SCARS Editorial Team2024-02-21T22:12:44-05:00February 21st, 2024|Categories: • CRIMES & CRIMINALS, 2024, EUROPOL, NEWS, SCARS Editorial Team, U.S. Department of Justice, WORLDWIDE|Tags: EUROPOL, FBI, Law Enforcement, LockBit, NCA, Operation Chronos, Ransomware|

EUROPOL Money Mule Action 2023 – Over 10,000 Identified

Authors:
• SCARS Editorial Team – Society of Citizens Against Relationship Scams Inc.
• Portions EUROPOL

For Money Mules, Their Paper Trail Ends In Jail Time For 1,013 Money Mules As A Result Of The 2023 Europol Actions Against Money Mules

2,822 banks and financial institutions join forces with law enforcement agencies against Money Mules in a 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.

SCARS Editorial Team2023-12-09T07:35:37-05:00December 4th, 2023|Categories: • CRIMINAL JUSTICE, 2023, EUROPE, EUROPOL, NEWS, SCARS Editorial Team|Tags: EUROPOL, Money Laundering, Money Mules|

Ransomware – Ukraine Gets Serious About Combatting Homegrown Cybercrime 2023

Ukraine Gets Serious About Combatting Homegrown Cybercrime

Authors:
• SCARS Editorial Team – Society of Citizens Against Relationship Scams Inc., and
• EUROPOL

Dismantlement Of Ransomware Group In Ukraine Amidst Ongoing War – An International Collaboration Success

The Ukraine ransomware gang is behind high-profile attacks that created losses of hundreds of millions of euros

In an unprecedented effort, law enforcement and judicial authorities from seven countries have joined forces with Europol and Eurojust to dismantle and apprehend in Ukraine the key figures behind significant ransomware operations wreaking havoc across the world. The operation comes at a critical time, as the country grapples with the challenges of Russia’s military aggression against its territory.

SCARS Editorial Team2023-12-11T08:03:30-05:00November 28th, 2023|Categories: EUROPOL, • CRIMINAL JUSTICE, 2023, EUROPE, NEWS, SCARS Editorial Team, UKRAINE|Tags: Cybercrime, EUROPOL, Ransomware, Ukraine|