The Financial Transactions and Reports Analysis Centre of Canada (Fintrac) has published a new operational alert, Laundering the Proceeds of Crime from Illegal Wildlife Trade. It aims to assist Canadian businesses meet legal requirements to identify and report financial transactions… Read More ›

IWT
Illegal, unreported and unregulated fishing ignored by FATF and financial community
The financial community, led by the Financial Action Task Force (FATF), should show the same degree of commitment to preventing environmental and ecological damage to the oceans as it does to the charismatic species on land according to researchers at… Read More ›
TBML and IWT amongst four money laundering typologies drawing more attention
An analysis by consultants at Forensic Risk Alliance (FRA) of anti-money laundering (AML) trends and challenges has identified trade-based money laundering (TBML) and the illegal wildlife trade (IWT) as two of the four money laundering typologies that have recently received… Read More ›
IWT Financial Flows Toolkit launched to support financial institutions
A toolkit aimed at supporting financial institutions in addressing and reporting suspicious transactions relating to the illegal wildlife trade (IWT) has been launched. Developed by the UK Serious Organised Crime Network in collaboration with the UAE government, WWF, TRAFFIC and… Read More ›
TBML in top five blogs for fraud and financial crime professionals
Trade-based money laundering (TBML) was one of the five most popular subjects amongst fraud and financial crime professionals in 2021 on blogs managed by FICO, the California-based company best known for its measure of US consumer risk, the FICO score…. Read More ›
Financial flows associated with illegal wildlife trade in South Africa uncovered
Co-mingling illegally obtained wildlife product with other commodities such as sugar, maize or fuel is one of several ways criminals are disguising their activities in the illegal wildlife trade (IWT) in South Africa according to a new report. Financial Flows… Read More ›