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 ›

Money laundering
US Congress urged to strengthen battle against organised crime, illicit trade and TBML
A bipartisan group of eight republican and democratic US senators has introduced a resolution urging Congress to take steps to more effectively combat international criminal organisations, illicit trade, and the use of trade-based money laundering (TBML). While the main driver… Read More ›
Banks caused to violate sanctions to launder millions of dollars for Russian oligarchs and proscribed entities
US banks were caused to process tens of millions of dollars in schemes to evade sanctions and export controls applicable to Russia according to an indictment charging five Russian nationals and two oil traders with global sanctions evasion and money… Read More ›
Trade misinvoicing the most pervasive form of Chinese money laundering says GFI
Trade misinvoicing is possibly the most pervasive form of Chinese money laundering according to a new report published by Global Financial Integrity (GFI) which concludes that China plays an extremely impactful role as a source, transit and demand country in… Read More ›
Myanmar – but not Russia – joins Iran and North Korea on FATF black list
Myanmar has joined Iran and North Korea on the Financial Action Task Force (FATF) list of high-risk jurisdictions subject to a call for action, better known as the FATF ‘black list’. Despite calls from Ukraine and elsewhere for Russia to… Read More ›
Integrity of the global trade system and financial industry under threat from TCOs, collaboration needed says WCO and Egmont Group
The integrity of the global trade system and financial industry as well as both regional and global security are under growing threats posed by transnational criminal organisations (TCOs) and terrorist organisations according to the World Customs Organisation (WCO) and the… Read More ›
Landmark World Bank report kicks off review of risk-based AML/CFT approach
Nearly a decade after the Financial Action Task Force (FATF) introduced requirements for National Risk Assessments (NRAs) of money laundering and terrorism financing (ML/TF) risks, the international community is at the right point to review the past 10 years and… Read More ›
Misinvoicing amongst TBML typologies used to cover up environmental crime
Allowing environmental, conservation, and anti-corruption organisations to access export invoices and trade data to identify misinvoicing could help curb environmental crime, including illegal mining, logging, fishing, and wildlife trafficking, according to a virtual convention on environmental crime related illicit financial… Read More ›