News & insights

Europol Report on Criminal Networks Abuse of Legal Business Structures

Written by Insight & Partnership Team | Jan 3, 2025 2:20:36 PM

 

The findings emphasise the need for vigilance and stronger collaboration to protect the integrity of the economy.

Key Takeaways Include:

  • 86% of the EU's most threatening criminal networks exploit legal business structures (LBS) for activities such as money laundering, fraud, and trafficking​;
  • High-risk sectors include logistics, construction, and cash-intensive businesses like hospitality, which are commonly used for money laundering or as fronts for criminal operations​;
  • Criminals frequently leverage LBS to conceal their operations, create shell companies, or infiltrate legitimate firms to evade detection​; and
  • The abuse of LBS extends across borders, with networks exploiting companies both within and outside the EU​.

✅ Organisations should aim to strengthen their due diligence processes and implement robust anti-money laundering measures to combat the misuse of legal business structures.