The cyberspace boom has done much to foster the alarming increase in organised crime. This is one of the conclusions of the report on economic crime and transnational organised crime, presented at the April session of the Council of Europe’s Parliamentary Assembly. “European democracy, the rule of law, and the economic and political stability of Europe now hang in the balance.” Presented at the Assembly’s April session, the report on economic crime and transnational organised crime pulls no punches. In it, Italian Socialist Deputy, Vera Squarcialupi stresses that the computer boom has contributed largely to the frightening growth of organised crime, exploiting modern technologies to the full. To take just one example, a criminal needs less than a minute to complete a money-laundering operation, but the police need eighteen months to investigate it. Full Story
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