The FFE took part in Europol’s European Money Mule Action EMMA 6, a worldwide operation against money mule schemes. With the support of the FFE, 4,031 money mules and 227 recruiters were identified, and 422 individuals were arrested worldwide.

We have formed a ‘FinTech Financial Crime Policy Group’ in partnership with the Royal United Service Institute (RUSI). The group has hosted sessions with HM Treasury, the Home Office and the Payment Systems Regulator on amendments to the Money Laundering Regulations, AML regime effectiveness and authorised push payment (APP) fraud mandatory reimbursement.

The FFE has partnered with Kodex to produce a Law Enforcement Data Request Portal, where members receive DPA requests from law enforcement agencies in respect of ongoing investigations, enhancing public and private data and intelligence sharing.