EU sets up financial crime unit as pandemic poses new risks

BRUSSELS (Reuters) - The European Union on Friday set up a unit of investigators to tackle an expected surge in finanial crime in the economic downturn triggered by the COVID-19 pandemic and crack down on defrauding of state subsidies. The European Financial and Economic Crime Centre will be set up within Europol, the EU law enforcement agency, and will employ 65 analysts to gather and share intelligence."The fallout from the COVID-19 pandemic has weakened our economy and created new..