Colombia and Europe Join Forces Against Money Laundering
Colombia is to join Europol’s Focal Point SUSTRANS project, which targets organized crime networks involved in money laundering. The formal membership to Focal Point SUSTRANS entails greater engagement for Colombia, which is now in a position to support all of the Focal Point’s members, especially through the exchange of criminal information and via operational interactions. This will allow for a significant increase in the ability to identify, investigate and prosecute perpetrators of money laundering activities.
The association of Colombia will prove to be beneficial for the overall activities of this Anti-Money Laundering European Project, not least because Colombia can provide key information, operational and strategic support to Europe given their geographic location and the traditional links between European organized crime groups and their Colombian counterparts, especially regarding the money laundering activities of major international cocaine trafficking cartels.