Eu FLag
This project has received funding from the European Union’s Horizon 2020 research and innovation programme under grant agreement No101022004

First TRACE policy briefs cover illicit money flows, cross-border cooperation, and Suspicious Transaction Reports

The first TRACE policy briefs are out now, and available here. As we near the end of this three-year project, our partners have developed expert recommendations for those working to tackle money laundering. 

The first three briefs provide an overview of illicit money flows in the EUguidance on improving cross-border cooperation in anti-money laundering cases, and a checklist for the analysis of the Suspicious Transaction Reports issued by financial institutions. They comprise a readable, practical summary of key messages from the TRACE project, concluding with concise recommendations for policymakers, law enforcement and financial intelligence personnel. These include the development of legal frameworks to harness institutional know-how, the encouragement of complementary data standards, and a drive to develop sophisticated new tools to investigate these complex, opaque offences. Ultimately, international cooperation is an imperative for those wishing to protect the public from the harms of money laundering. 

Stay tuned for the final set of briefs and recommendations as the TRACE project concludes.