ABSTRACT

Serious Organised Economic Crime (SOEC) and the associated activity of fraud is a growing multinational business without respect to national borders. The chapter describes an approach for strategic intelligence management that will add value to Secure Information Exchange Network Application and Financial Intelligence Unit (FIU). Each European Member State police force and FIU has its own Financial SOEC and fraud monitoring system. SOEC and fraud can be described as components of a sociotechnical system or more specifically an Enterprise Architecture (EA). Each economic resource in a SOEC or fraud transaction would thus capture the adverse impact on the EU economies, loss of state revenues, and the overall social and political impact in the wider system. A major challenge for detecting SOEC is the efficient and effective scanning of the environment for strategic early warnings of irregular activities. The pan-European inventory of SOEC and fraud would be accessible and queried via a dedicated user interface employing a Create/Retrieve/Update/Delete system.