CEO and BEC Fraud Dismantled
12 January 2023
Riehle_Cornelia_Neu_SW.jpg Cornelia Riehle LL.M.

At the beginning of December 2022, a Joint Investigation Team made up of authorities from Romania, Italy, and the Ukraine - with the support of Eurojust and Europol - dismantled an organised crime group (OCG) suspected of money laundering and CEO and BEC (Business E-Mail Compromise) fraud. In total, judicial and law enforcement authorities from more than 20 countries inside and outside the EU contributed to the investigation that, on its action day on 9 December 2022, resulted in the arrest of nine suspects and the seizure of €5 million. The amount of the money transferred by the OCG is estimated at over €70 million.

News Guide

EU Eurojust Europol Money Laundering

Author

Riehle_Cornelia_Neu_SW.jpg
Cornelia Riehle LL.M.

Institution:
Academy of European Law (ERA)

Department:
Criminal Law