India’s ministry of corporate affairs (MCA) is turning to artificial intelligence (AI) and data analytics as key elements to expose shell companies. The ministry is in the process of constructing what it describes as an advanced version of its MCA… Read More ›
Europe and Africa must address the issue of illicit financial flows (IFFs) and prioritise the delivery of greater domestic resource mobilisation so that public resources can be invested in public services according to the directors of the European Think Tanks… Read More ›
The US government has rejected one of the recommendations of the Government Accountability Office (GAO) for closer monitoring of efforts to fight trade-based money laundering (TBML). The GAO made two recommendations. First it suggested the Department of Homeland Security (DHS)… Read More ›
The Global Coalition to Fight Financial Crime (GCFFC), established to promote more effective public and private sector collaboration and engage policy makers with the aim of making anti-money laundering rules more effective, has been formally launched. The founding of the… Read More ›
Colombian businessman Alex Saab has been arrested whilst the private jet he was flying in was refuelling in the African island republic of Cape Verde. His arrest may well concern an ally of his, Venezuelan leader Nicolas Maduro, because investigators… Read More ›
The UAE must take urgent action to effectively stop the criminal financial flows that it attracts according to a new report from the Financial Action Task Force (FATF). In its latest mutual evaluation report on the seven emirates the global… Read More ›
London has become a haven for money laundering by organised criminal groups, in part because it is so easy to create companies in the UK, according to an investigation by the Organised Crime and Corruption Reporting Project (OCCRP). One of… Read More ›
Halkbank, the large Turkish state-owned bank that has been accused in the US of substantial sanctions violations, has pleaded not guilty at a Manhattan court to criminal charges that it helped Iranian entities illicitly transfer tens of billions of dollars… Read More ›