Category: INTERPOL

Financial and cybercrimes are the top global policing concerns

Financial and cybercrimes are the world’s leading crime threats and also those projected to increase most in the future, according to a majority of the police respondents globally. The findings, part of INTERPOL’s first-ever Global Crime Trend report, saw more than 60 per cent of respondents rank crimes such as money laundering, ransomware, phishing and online scams as high or very high threats. Moreover, more than 70 per cent of respondents expect crimes such as ransomware and phishing attacks to increase or significantly increase in the next three to five years. The report, which is restricted to law enforcement, brings…

INTERPOL Introduces New Center to Fight Financial Crimes

INTERPOL said that it has launched a Financial Crime and Anti-Corruption Center (IFCACC) in order to fight the exponential growth in sophisticated transnational financial crime. The IFCACC is intended to prevent financial criminals from “undermining global financial systems, impeding economic growth and causing huge losses to businesses and individuals worldwide,” the world police body said in a statement Tuesday. The new crime center will expand and streamline the existing initiatives in tackling financial crimes, illicit money flows and asset recovery by “centralizing the international response to transnational financial crime and corruption,” INTERPOL Secretary General, Jürgen Stock, said. The Lyon-based organization…