‘We have a big problem, a very big problem’; former EUROPOL chief warns that illegal profit recovery rate is staying low despite efforts to improve AML systems - AML Intelligence
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‘We have a big problem, a very big problem’; former EUROPOL chief warns that illegal profit recovery rate is staying low despite efforts to improve AML systems

THE FORMER director of EUROPOL has warned that the outstandingly low recovery rate of illegal profits worldwide remains consistent, despite efforts across the board to raise it.

Sir Rob Wainwright – who led the EU’s policing agency for nine years from 2009 to 2018 – said that it was a consistent finding that around 1% of criminal profits are ever seized back by authorities.

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