Stocks, currencies around the world, money transfers, currency exchange

Financial sleuths are critical to fight transnational crime.

Following the Money

October 2019, Number 09.04

“Transnational crime, including terrorist financing, money laundering and other offenses, tends to exploit the financial system, operate covertly, move quickly and show little regard for national borders. These and other factors often make transnational crime difficult to investigate and prove in court. To overcome these hurdles, countries need, among other things, swift access to financial information, robust capabilities to analyze that financial information, and the means to disseminate such financial information and analysis quickly to investigators and prosecutors within a country and across countries. Financial intelligence units (FIUs), established by more than 150 countries around the world, help fill that need in the investigation and prosecution of transnational crime. These government agencies, among their various roles, support law enforcement authorities by receiving, analyzing and disseminating financial intelligence so that it may be used quickly and effectively in investigations and prosecutions. Further, FIUs assist their foreign counterparts through the Egmont Group, an informal network of FIUs...”

Excerpt from Joseph Wheatley, “Following the Money,” per Concordiam: Journal of European Security Defense Issues  9, No. 4, 2019: 10-17.

Joseph Wheatley, trial attorney, Organized Crime and Gang Section, U.S. Department of Justice

This article reflects the views of the author and are not necessarily the official policy of the United States, Germany, or any other governments.