The Financial Action Task Force (FATF) has published a new report that includes a list of risk indicators to help entities identify suspicious activities in the art and antiquities markets, and outlines good practices that countries have taken to address… Read More ›
The World Customs Organisation (WCO), Egmont Group of Financial Intelligence Units (FIUs) and Interpol have successfully concluded their first anti-money laundering and counter financing terrorism financing (AML/CTF) joint investigation in the Western Hemisphere. Operation Tentacle-Latin America revealed extensive illicit movements… Read More ›
The UK’s Serious Fraud Office (SFO) has admitted it is investigating suspected fraud, fraudulent trading and money laundering in relation to the financing and conduct of the business of companies within the Gupta Family Group Alliance (GFG), including its financing… Read More ›
Spanish authorities have unearthed a suspected trade-based money laundering (TBML) operation in which a criminal network adulterated highly priced saffron to launder millions of euros. The network falsified documents to pass off the saffron they sold as a high-grade version… Read More ›
India’s Enforcement Directorate has arrested two more people allegedly involved in a US$225 million trade-based money-laundering (TBML) operation based on importing what purported to be customised software. Investigators however discovered that the software was fake but provided the accused with… Read More ›
Transparency International (TI) has published a new report which shows how some of the world’s richest countries fail to enforce laws against foreign bribery. Exporting Corruption examines 47 leading global exporting countries of which 43 are signatories of the Organisation… Read More ›
The US Senate’s permanent subcommittee on investigations has published a report revealing how Russian oligarchs used artworks and shell companies in a multi-million dollar trade-based money laundering operation. The report alleges that Arkady and Boris Rotenberg and Arkady’s son, Igor,… Read More ›