Gibraltar Cracks Down on Financial Crimes

Combating Financial Malfeasance in the Rock

Gibraltar’s Economic Crime Unit has been working tirelessly to bring perpetrators of financial crimes to justice. The unit, comprising the Fraud Squad and the Money Laundering Investigation Unit (MLIU), has been at the forefront of investigating complex and high-profile cases involving fraud.

Efforts to Combat Cyber-Enabled Fraud Schemes

• Cooperation with local and international agencies: The Fraud Squad is working closely with local and international agencies to tackle cyber-enabled fraud schemes that are increasingly being used by scammers.
• Vigilance and awareness among citizens: These scams can be perpetrated in person or online, highlighting the need for vigilance and awareness among citizens.

Targeting Individuals Involved in Money Laundering Activities

• Use of Proceeds of Crime Legislation: Under this legislation, officers have been empowered to seize cash, confiscate assets, and strip criminals of their ill-gotten gains.
• Removing the benefits of crime: The unit’s efforts are aimed at removing the benefits of crime and disrupting the flow of illicit funds.

International Cooperation

• Mutual Legal Assistance (MLA) Treaty: Gibraltar’s Economic Crime Unit is working closely with other countries under this treaty to obtain evidence and build cases against financial crimes suspects.
• Ensuring justice for all: This collaboration is crucial in ensuring that those who commit financial crimes are brought to justice, regardless of their location.

By taking a proactive approach to tackling financial crimes, Gibraltar’s Economic Crime Unit is sending a strong message to would-be offenders: the Rock is committed to protecting its citizens and businesses from financial malfeasance.