The US treasury department’s Financial Crimes Enforcement Network (FinCEN) has released a Financial Threat Analysis on wildlife trafficking threat patterns and trend information identified in Bank Secrecy Act (BSA) data. The report aims to further inform efforts to combat wildlife… Read More ›
Reintroducing large commercial banks into the oil and gas commodity trade could be a way to reduce the volume of illicit financial flows (IFFs) out of resource-rich developing countries according to a new report published by the Organisation for Economic… Read More ›
Engaging in partnerships to bring together expertise in wildlife trade and money laundering is absolutely necessary to curb illicit financial flows (IFFs) associated with wildlife and other environmental crimes according to the secretary-general of the Convention on International Trade in… Read More ›
The US$11 trillion US private investment industry presents major national security and corruption threats and represents a gaping hole in the country’s anti-money laundering (AML) framework according to a joint report released yesterday by the Financial Accountability and Corporate Transparency… Read More ›
“The African Legal Support Facility (ALSF) must assist African countries to negotiate fair and balanced contracts to eliminate opportunities for illicit receipt, use, or transfer of funds,” says former president of South Africa and current chair of the African Union’s… Read More ›
Trade-based money laundering (TBML) and free-trade zones (FTZs) are amongst the mechanisms that allow for illicit financial flows (IFFs) to proliferate across Latin America the UK government has said in a recently issued tender. It calls for a study into… Read More ›
Central Bank of Nigeria (CBN) has announced it has halted sales of foreign exchange to the country’s money changers or Bureaux De Change (BDCs) on the grounds that they facilitate illicit financial flows (IFFs) and other financial crimes, including terrorist… Read More ›
Serious concerns linger over the new Colombo Port City Law passed by the Sri Lanka parliament at the end of last month. Transparency International Sri Lanka (TISL) was one of the petitioners that had challenged the new law. One of… Read More ›