January 2020
- 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
November 2019
- EY suppressed trade-based financial crime says whistleblower
- FATF issues new best practice paper on beneficial ownership
- Pakistan publishes TBML and terrorist financing framework
- South African miner accused of persistent misinvoicing
- Cayman Islands to introduce public register of beneficial ownership
- TBML challenges for bankers and enforcement officers examined
- Colombia lost US$2.8 billion in revenue to trade misinvoicing in 2016
- US Senate earmarks US$2 million for TBML risk assessment
- HSBC reveals new AML system for trade finance
- Researchers optimistic about measures to curb TBML
- GFI revises scale of South Africa’s misinvoicing
- Anti-Illicit Trade Declaration to address all forms of illicit trade
- KYC is best defence against TBML says Australian banker
October 2019
- Singapore launches platform to target TBML risks
- TBML a US national security threat a distributed ledger system could prevent
- Saudi Arabia and Pakistan agree trade data exchange to curb misinvoicing
- India imposes steel import registration to curb misinvoicing
- Africa a net creditor to the world due to IFFs
- US sanctions Lebanese bank with TBML associations
- FinCEN acts to curb TBML supported illegal opioid trade
- 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