An Interim Meeting of EAST National and Global Members took place on Wednesday 10th June 2020. This was meant to be the 1st EAST Global Congress but, due to the Covid-19 situation, it was conducted instead as a virtual meeting. The meeting was chaired by Graham Mott of the LINK Scheme. The 1st EAST Global Congress is now scheduled to be held in February 2021.
Law enforcement overviews were provided by Europol, INTERPOL and the Gulf Cooperation Council Police (GCCPOL). Two presentations were made by Europol: one from the European Cybercrime Centre (EC3) covered the recent launch of the European Financial and Economic Crime Centre (EFECC), criminal trends relating to Covid-19, and prevention and awareness; the other covered Physical ATM attacks across Europe. The INTERPOL presentation covered the impact of Covid-19 on Financial crimes from the global perspective and the GCCPOL presentation covered payment and fraud issues seen by their 6 member countries, about which a ‘Threat Assessment Report’ will soon be published.
Updates were received from 27 countries, either directly or via a global update by HSBC. The key focus was on the impact of the coronavirus crisis and each update covered Fraud Types, Fraud Origin, Due Diligence and Physical Attacks (ATM, ATS and CIT).
EAST Fraud Update 2-2020 will be produced during July, based on the country updates provided at the Interim EAST Meeting. EAST Fraud, Payment and Physical Attack Updates are available on the EAST Intranet to EAST Members.