Back-to-back letters of credit (L/Cs) can be used as a sanctions evasion technique according to multiple sources who contributed to a new guide published by the Middle East and North Africa (MENA) chapter of the Global Coalition to Fight Financial… Read More ›

GCFFC
MENA trade-based financial crime reference guide launched
With a long tradition of trade, the Middle East and North Africa (MENA) region shares trade-based financial crime (TBFC) typologies with other global trading hubs, according to a new guide published by the MENA chapter of the Global Coalition to… Read More ›
GCFFC urges FATF to recognise benefits of PPPs in fight against financial crime
Enabling increased information sharing in all ways – public to private, public to public, private to private, local to global – is an important factor in improving the ability of all stakeholders to fight financial crime more effectively according to… Read More ›
GCFFC states its position on beneficial ownership transparency
All actors fighting financial crime should have instant access to high quality, highly usable beneficial ownership data according to the Global Coalition to Fight Financial Crime (GCFFC). In a newly published position paper, GCFFC states its views on beneficial ownership… Read More ›
Global Coalition to Fight Financial Crime formally launched
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 ›