Refugees escaping from Ukraine have been targeted by people traffickers. EPA
Refugees escaping from Ukraine have been targeted by people traffickers. EPA
Refugees escaping from Ukraine have been targeted by people traffickers. EPA
Refugees escaping from Ukraine have been targeted by people traffickers. EPA

Human traffickers luring Ukrainian refugees targeted in European crackdown


Nicky Harley
  • English
  • Arabic

Hundreds of people have been investigated in a European crackdown on gangs trying to traffic Ukrainian refugees.

Europe's crime agency Europol has been working with 14 nations, including the UK, Denmark and Germany, to identify online gangs trying to lure vulnerable people.

It has launched 15 new investigations into trafficking.

“The investigators monitored different online platforms to detect criminal networks attempting to recruit vulnerable Ukrainian refugees,” it said.

“The online investigations focused on the monitoring of posts offering help to refugees for transportation, accommodation and work.

“Dating sites and recruitment websites were monitored, as well as platforms offering sexual services. The countries bordering Ukraine focused on recruitment, transportation and accommodation of refugees, while others focused on platforms offering housing and jobs to refugees.”

During the action day, investigators identified suspicious advertisements targeting Ukrainian refugees, looked into tips received by the police and reviewed indicators of potential trafficking for labour exploitation.

Out of 125 online platforms which were monitored, 48 were suspected of having potential links to human trafficking.

Nine people have been identified as suspected people traffickers and Europol discovered nine victims.

Almost 100 officers took part in the operation, which involved more than 350 people and usernames being checked.

“The monitoring activities led to the identification of new trends, and gathered insights into the threat of sexual and labour exploitation of Ukrainian refugees,” Europol said.

“Suspicious activities were detected in a wide range of platforms, including in the Russian language. Different platforms were prioritised depending on the specific social media use per country.

“Many online marketplaces and websites appear to be taking significant steps to combat the misuse of their platforms for trafficking Ukrainian refugees.

“However, law enforcement officers found a significant number of suspicious job offers targeting Ukrainian women, some of which were described as ‘photo shoots’.

“Investigators identified attempts to lure victims through offers of a ‘bright future’, which tricked them into sexual exploitation, or accommodation offers specifically targeted at Ukrainian refugees.”

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

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Company/date started: 2015

Founder/CEO: Mohammed Toraif

Based: Manama, Bahrain

Sector: Sales, Technology, Conservation

Size: (employees/revenue) 4/ 5,000 downloads

Stage: 1 ($100,000)

Investors: Two first-round investors including, 500 Startups, Fawaz Al Gosaibi Holding (Saudi Arabia)

Timeline

2012-2015

The company offers payments/bribes to win key contracts in the Middle East

May 2017

The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts

September 2021

Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act

October 2021

Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence 

December 2024

Petrofac enters into comprehensive restructuring to strengthen the financial position of the group

May 2025

The High Court of England and Wales approves the company’s restructuring plan

July 2025

The Court of Appeal issues a judgment challenging parts of the restructuring plan

August 2025

Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision

October 2025

Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange

November 2025

180 Petrofac employees laid off in the UAE

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Updated: June 24, 2022, 2:27 PM