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The Customs Anti-Money Laundering Team: A success story

Last November, the Customs Department ventured on boosting its effort at the border against money laundering activities. For this reason, the Customs Department has launched its Anti-Money Laundering Team, comprised of nine officials, specialising in the control and investigation of undeclared cash movement.

In actual fact, this new team has, perhaps, proved to be one of the biggest success stories in the Department’s recent history, with the section achieving 48 positive cases in ten months, resulting in the collective discovery of 1,052,436 euros.

These positive achievements are the result of three important factors:

i. the enactment, last year, of amendments to the Cash Control Regulations, which allowed Customs to perform its controls more efficiently and effectively;

ii. the enhancement of information sharing between Customs and other local and foreign supervisory and enforcement agencies; and

iii. the hard work of the relatively new team at Customs which is always committed in enforcing the law.

The Customs Department is pleased to note that behind these seizures lies a committed and dynamic workforce, that combines energy with experience to continue the Department’s crusade against the illicit cross-border movement of cash.