Project Situation
Criminal enterprises, including human trafficking and drug smuggling, rely on illegal financial transactions to fund their operations. These transactions often involve money laundering, illicit money transfers, and the use of shell companies to hide profits.
Project Aims
- To track and disrupt the financial networks that fuel criminal enterprises.
- To freeze and seize assets linked to illegal activities.
- To strengthen financial intelligence sharing among law enforcement agencies and financial institutions.
Project Activities
- Financial Intelligence Gathering: The CID’s Financial Crime Unit works closely with banks, financial institutions, and regulatory bodies to identify and report suspicious transactions. This includes monitoring remittance services, cryptocurrency transactions, and shell companies.
- Asset Freezing and Seizure: IPLEC supports law enforcement agencies in freezing and seizing assets linked to criminal activities. This disrupts the financial infrastructure of criminal networks and prevents them from funding further operations.
- Task Force Operations: IPLEC has established a dedicated task force to investigate and prosecute money laundering activities. This task force collaborates with international partners to track cross-border financial flows and bring perpetrators to justice.
- Training and Workshops: IPLEC conducts workshops to train law enforcement officials, financial investigators, and prosecutors in financial crime investigation techniques.