Luxembourg Times EU Elections Podcast
Oct 1, 2026 · 34 min · 9 segments
**Host:** Aaron Grunwald **Guests:** Quentin Mugg, Europol; Sylvain Aubry, Association of Luxembourg Compliance Officers (Alco) **Production:** Eva Krins, Jil Reale **Cover:** Sofia Navarro…
Quentin, the point of money laundering is to move illegal proceeds into the legitimate economy.
It turns out that the main point of money laundering is not necessarily to introduce the dirty cash into the formal system.
Under the French law, it's the article 324-1 of the criminal code, it's stated that the idea of money laundering is really helping falsely to justify the origin of the criminal money.
It's, in fact, any operation that helps placement, concealment, and conversion.
So, really, The idea is moving, converting, hiding, and not only integrate into the formal system.
And in fact, what we see in the cases is that the main request for offenders is not necessarily to introduce any of the cash they're producing into the formal system.
It's actually to move it away from the risk of being seized or taken from them.
So to answer your question, and I will mainly during this conversation talk about organized crime money because this is my area of expertise.
But there are a lot of conjunctions and contacts between the world of what we usually call white-collar crime and the world of free disease, the underworld, the criminal world.
Most probably, I mean, it's a certainty, Frauds in general, tax fraud, social fraud, and also, of course, scams, represent a much bigger amount of money than what comes first in mind when we think of criminal money, which is drug trafficking.
The estimation for Europe is somewhere around 30 billion euros a year in drug proceeds.
So the question here would be, and probably we'll touch upon that, But do those two worlds interact or are they separate? And I can hint right now that they do interact.
Quentin, the point of money laundering is to move illegal proceeds into the legitimate economy.
It turns out that the main point of money laundering is not necessarily to introduce the dirty cash into the formal system.
Under the French law, it's the article 324-1 of the criminal code, it's stated that the idea of money laundering is really helping falsely to justify the origin of the criminal money.
It's, in fact, any operation that helps placement, concealment, and conversion.
So, really, The idea is moving, converting, hiding, and not only integrate into the formal system.
And in fact, what we see in the cases is that the main request for offenders is not necessarily to introduce any of the cash they're producing into the formal system.
It's actually to move it away from the risk of being seized or taken from them.
So to answer your question, and I will mainly during this conversation talk about organized crime money because this is my area of expertise.
But there are a lot of conjunctions and contacts between the world of what we usually call white-collar crime and the world of free disease, the underworld, the criminal world.
Most probably, I mean, it's a certainty, Frauds in general, tax fraud, social fraud, and also, of course, scams, represent a much bigger amount of money than what comes first in mind when we think of criminal money, which is drug trafficking.
The estimation for Europe is somewhere around 30 billion euros a year in drug proceeds.
So the question here would be, and probably we'll touch upon that, But do those two worlds interact or are they separate? And I can hint right now that they do interact.
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