Europol’s 2023 report

Europol has issued its 2023 assessment of the risks of financial and economic crime.

It features Virtual Accounts and the unique identifier for them: Virtual IBANs or International Bank Account Numbers.

We have raised this issue to the trade body for the sector most actively using Virtual IBANs – Project Financial Crime of The Payments Association – and to the Financial Conduct Authority. No response so far from either organization, of course.

You can download the report here.