Anti-money laundering measures

Europol estimates that the cocaine trade generates billions of euros within the EU. Laundering methods involve both physical and electronic cash movements. It remains difficult to link cash movements and related drugs business transactions. Interpol has developed important tools to counter specific money laundering systems. In 2001, specialised studies were made available to allow investigators to become better acquainted with these (82).

According to the Financial Action Task Force (FATF) 2001–02 annual report, seven EU Member States fully comply with 28 out of its 40 recommendations requiring specific national action; the other countries do not comply fully (83).

(82)  Further details in Box 16 OL: Anti-money laundering measures.

(83Box 17 OL: Level of compliance (FATF).