October 2019
- Bangladeshi customs officials uncover misdeclaration of goods and money laundering
- Philippines seizes misdeclared shipments from China
- Atradius settles sanctions violation with firm associated with TBML operations
- Southern Africa lost US$8 billion in trade-related illicit outflows in one year
- Canada issues brief on risks in the precious metal and stones trade
- Tougher trade-based financial crime regulation coming soon to Jamaica
September 2019
- Bangladesh takes additional step to curb TBML
- Dubai plans blockchain consortium to prevent trade-based financial crime
- ABA resisting US beneficial ownership legislation, UK registry flawed
- Blockchain consortium to curb misdeclaration of goods
- India unearths liquor trade over-invoicing scheme
- TBML concerns over FTZs if the UK leaves the EU without a deal
- Calls for Pakistan’s authorities to stamp out imported tyre under-invoicing
- BVI moves to bring beneficial ownership in line with EU requirements
- Ghanaian minister under fire for ignoring corporate IFFs
- Zimbabwean press calls for action on corporate IFFs
- Prosecute money launderers to stamp out terrorism and corruption
- Philippines files charges for misdeclaration of luxury car imports
- Egypt loses US$1.6 billion in 2016 through misinvoicing
August 2019
- British shell companies pivotal in Danske Bank money laundering operations
- Asian Development Bank addresses TBML concerns
- Paper-based TBML presents banks with significant problems
- Zambia launches initiative to curb TBML
- Ringleader of 57 shell company TBML scheme arrested
- Jersey, Guernsey and Isle of Man to align with Europe on beneficial ownership
- India lost US$13 billion in 2016 through misinvoicing
- Bahamas tightens beneficial ownership requirements in steps to satisfy FATF
- FinCEN looks to tech companies to help with AML/CFT efforts
- Indian investigators accuse power company of impeding over-invoicing probe
- Pakistan wants additional export documents to curb misinvoicing
- Major Ethiopian sesame exporters warned about under-invoicing
July 2019
- New Non-Hong Kong companies disclosure regulations announced
- Farhat’s extradition to the US will reveal more about Hezbollah’s use of TBML
- Cryptocurrencies facilitating TBML says GFI
- Challenges to UN, GFI and Mbeki panel misinvoicing estimates continue
- Bangladeshi conglomerate faces misdeclaration charges
- Pakistan’s FBR gets new powers to crack down on trade-based financial crime
- Canada making slow progress towards beneficial ownership transparency
- New blockchain platform to oversee trade inventories aims to prevent fraud
- Crackdown on misdeclaration in India’s diamond trade causing confusion
- GFI says Indonesia lost US$6.5 billion in trade misinvoicing in 2016
- Anonymous US companies central to transnational crime says GFI
- TBML moved millions of dollars for Gupta linked companies
- FBI criticises Washington’s lax approach to beneficial ownership disclosure
- GFI presses US lawmakers to approve beneficial ownership legislation
June 2019
- European investigators too slow to spot carbon credit trading scam
- UAE and Mauritius the most corrosive tax havens for Africa
- Calls for Pakistan’s FBR to clampdown on trade-based financial crime
- NEITI reveals vast IFFs out of Nigeria’s oil and gas sector
- Uganda sets up misinvoicing checkpoints in China, UAE and Kenya
