Three in ten crime groups in EU use professional launderers, underground banking - Europol

While around 70% of criminal groups active in the European Union (EU) use "basic money laundering techniques" the rest employ professional laundering networks and/or deal with the underground banking system, Europol reports in its first European Financial and Economic Crime Threat Assessment.

While around 70% of criminal groups active in the European Union (EU) use "basic money laundering techniques" the rest employ professional laundering networks and/or deal with the underground banking system, Europol reports in its first European Financial and Economic Crime Threat Assessment. [1]