Press Release: Increase in suspicious transactions

A recent survey of the transaction reporting practice in the EU Member States made by Europol (the European Police Office), shows that the volume of Suspicious Transaction Reports (STRs) disclosed in 2007 (602,450) increased by 6.2% compared to 2006 (567,146). In line with requirements set by the 3rd EU Money Laundering Directive, a further increase is expected for the years 2008 and 2009.