The European Union (EU) has set up a unit specifically tasked with tackling financial crime.
The European Financial and Economic Crime Center will work with Europol, the EU’s law enforcement agency, and the group will employ 65 analysts to work to combat the problem in 27 EU member states.
It comes as money laundering and fraud are expected to increase in the wake of the economic downturn caused by the Coronavirus pandemic.
“The fallout from the COVID-19 pandemic has weakened our economy and creat