New agreement to tackle crime between Europol and EIB

Europol and the European Investment Bank have signed a Working Arrangement that facilitates the sharing of information and expertise in the fight against fraud and corruption in Europe.

The arrangement provides a legal framework for the exchange of information and expertise relating to serious crime, with the objective of preventing organised crime in multiple areas - including financial crime, terrorism, and cyber crime.

Money laundering and the financing of terrorist groups, as well as other forms of serious crime, pose serious threats to the security of the EU and its financial infrastructure. Eurpol says that Working Arrangements such as this with the EIB and other European institutions will foster collaboration that protects rights and prevents criminal activities.

Catherine De Bolle, Europol’s Executive Director, said: “Cooperation between EU institutions is important for combatting organised crime, and for keeping communities across Member States safe. This Working Arrangement with the European Investment Bank enhances our abilities to fight crime on all fronts, especially our shared priorities in tackling fraud and corruption. As the information hub for European law enforcement, we are glad to be able to connect the EIB with expertise and resources to identify and fight back against serious crime.”