“It is becoming increasingly easy to find tools that facilitate the implementation of fraud scenarios,” underlines Elisabeth Margue, CSV Minister of Justice, in a parliamentary response. The sophistication and emergence of technologies based on artificial intelligence have favored the rise of CaaS (Crime-as-a-Service) allowing cybercriminals, even without technical expertise, to access sophisticated tools ready to use. job”. Even if detailed statistics “are not available”, the authorities have identified risks to which the financial center is mainly exposed.
This concerns the use of false documents indistinguishable from real ones (invoices, identity documents), obtained by illicit means, to implement various frauds (such as fraud on the president) or to launder income or create false businesses. There are fake invoices for Tango, POST or Enovos on Utility Bill shop, a darkweb store, sold at a price of 30 dollars (approximately 29 euros), as reported last November paper jambased on a report from the public agency Insert.
Furthermore, the authorities are warning about the use of technological means to circumvent the remote customer onboarding or AML/CFT systems of financial institutions, as well as the use of “remote customer onboarding” systems. financial mules” to conceal the origin of illicit income. For the record, a money mule is a person who transfers money (digitally or in cash) received from a third party to another person, in exchange for a commission.
At the European and international level, “significant efforts” have been undertaken at the legislative level to develop tools adapted to the fight against cybercrime, notes Elisabeth Margue, who cites the Budapest Convention drawn up by the Council of Europe and the “e-evidence package” adopted by the European Union. With regard to national legislation, remote business relationships are governed by the amended law of November 12, 2004 relating to the fight against money laundering and the financing of terrorism. This law requires professionals to take measures to reduce the risks linked to entering into remote business relationships.
The minister concluded by emphasizing that Luxembourg is “actively” participating in European pilot projects concerning the creation of a European digital identity wallet. It will be “a reliable identity, which any citizen can use anywhere in Europe for any purpose, such as paying taxes or renting a bicycle,” explained Ursula von der Leyen, President of the European Commission, in 2020. A technology that will allow us to control what data we share and the use that can be made of it.
