March 2020
- IFFs a major reason why Nigeria failed to meet revenue collection targets
- US Drug Enforcement Agency wants increased TBML focus and more data analytics
- Pelican partners with CMSoft to boost TBML detection solution in South Korea
- US treasury issues 2020 strategy for combatting illicit finance
- AfDB’s €1.2 million grant to help Africa’s revenue capture
- Indian investigators embark on new diamond TBML probe
- IBM publishes whitepaper on the use of AI in AML compliance
- Fines for AML, KYC and sanctions violations up 160 per cent in 15 months
- Expect sharper focus on TBML in financial cybercrime says expert
- Netherlands beneficial ownership register postponed
- Bank of China settles TBML probe in France
- US overtakes Switzerland in global financial secrecy ranking, Cayman tops the index
February 2020
- Ghana’s crackdown on mis-declaration and under-invoicing
- Iran blacklisted, Pakistan warned, Korea commended at FATF plenary meetings
- Cameroon orders state purchases at market prices to curb over-invoicing
- Panama edges towards beneficial ownership register
- UK launches consultations on establishing 10 freeports despite international money laundering fears
- Beneficial ownership toolkit released by Global Forum
- Collapsed African supermarket chain part of international money laundering syndicate
- GFI announces plans for 2020
- Lack of beneficial ownership creating dangerous and widening gap in US security
- Ethiopia sets minimum coffee price to curb under-invoicing
- Bangladesh issues TBML guidance for banks
- Major report published on US efforts to counter TBML
January 2020
- FATF to crack down on money laundering linked with illegal wildlife trade
- Central bank money laundering framework a serious problem for Pakistan’s exporters
- Pressure on India to criminalise TBML and other financial crimes
- Brics to combat under-invoicing and profit shifting
- Indonesian importers warned not to under-invoice foreign goods
- Shell companies behind US defence department fraud
- Cape Verde, Djibouti, Egypt and Kenya endorse Yaoundé Declaration
- India posts new intelligence officers in London, Hong Kong, Dubai and Brussels to curb TBML
- Expert says TBML caused by tariffs and sanctions
- Economic policies encouraging under-invoicing by Argentine fruit growers
- Chrome ore misinvoicing and smuggling deprive Zimbabwe of millions of US dollars annually
- ADB partners with ACAMs to boost AML/CFT capacity in Trade Finance Programme
- Follow the TBML trail to disable drug cartels says US senator
December 2020
- Dutch and Singaporeans discuss new ways to detect financial crime
- Expert discussion on the problem of beneficial ownership in shell companies
- Bangladesh names IFF destinations, focuses on TBML
- Global Forum credited for tax revenue recovery record, beneficial ownership the next big challenge
- Trinidad and Tobago police plan training for TBML investigations
- Lack of beneficial ownership register costs Nigeria US$17 billion a year
- Calls for departure from conventional definitions of IFFs
- Cayman Islands publishes extensive study on money laundering
- Namibia puts on workshop for illicit financial flows and money laundering investigations
- Slow progress in international efforts to curb illegal trade in antiquities
- Global cargo industry wakes up to trade sanctions and export risk
- Time to reform and refocus FATF