The European Banking Authority has warned regulators and banks of new financial crimes linked to the coronavirus pandemic. The FATF also noted that criminals are trafficking in counterfeit medicines, offering fraudulent investment opportunities, and engaging in phishing schemes. Since people cannot perform physical transactions right now, the FATF is encouraging technologies, including Fintech, to eliminate risks. Meanwhile, Europol has also issued warnings about frauds in the supply of medical gadgets. Europol’s recently conducted Operation Pangea resulted in the seizure of thousands of counterfeit surgical masks and other COVID-19 related merchandise…

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