Økokrim’s own department for work against money laundering has been criticized in an internal report that newspaper Dagens Næringsliv has seen.
The National Authority for Investigation and Prosecution of Economic and Environmental Crime in Norway – Økokrim – is the country’s central unit for fighting economic and environmental crimes.
According to the newspaper, the report states, among other things, that the Unit for Financial Intelligence (EFE) is only able to stop cash flows that the banks report to a small extent.
According to the report, the low number of stoppages of transactions and confiscations give “a picture of a deficient effect in the fight” against money laundering.
“Serious”
“It’s serious. Of course, we want to confiscate all proceeds from criminal acts,” Økokrim chief Pål Lønseth commented.
According to Lønseth, however, it is about much more than stopping transactions.
“It is very easy to stop a transaction, but if we are to have the money confiscated, it requires that we start an investigation, and it generates a hundred times more work than just stopping a transaction,” he said.
Source: © NTB Scanpix / #Norway Today / #NorwayTodayNews
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