Banks are providing by far the greatest number of suspicious activity reports (SARS) to the UK’s National Crime Agency (NCA) according its latest report which features statistics covering the years 2020-21 and 2021-22. The agency’s 2022 Suspicious Activity Report (SARs)… Read More ›
Financial crime is set to soar while fraud and scams will continue to evolve during 2023, according to a new report by financial crime and fraud risk detection firm, ComplyAdvantage that says 99 per cent of firms say they are… Read More ›
Free trade zones (FTZs) across Latin America and the Caribbean are vulnerable to illicit trade, according to a detailed and comprehensive new OECD report, Free trade zones and illicit gold flows in Latin America and the Caribbean. It focuses on… Read More ›
Russian oligarchs are increasingly purchasing high-value goods or property as they reroute their finances in response to their country’s invasion of Ukraine and the subsequent slew of international sanctions imposed on them, according to new analysis from the US treasury… Read More ›
NICE Actimize and Regulation Asia have published their AML Tech Barometer 2023 report to explore anti-money laundering (AML) and fraud trends based on survey and interview data collected from 289 practitioners in the Asia Pacific region. In the wake of… Read More ›
The CEO of Kenya’s Ethics and Anti-Corruption Commission (EACC), Twalib Mbarak, has been meeting with US Federal Bureau of Investigation (FBI) officials at their Washington headquarters. The meetings took place in the context of pressure for US agencies to work… Read More ›
Trade-based money laundering (TBML) is one of the primary channels used to move the proceeds of fraud perpetrated in the Caribbean, according to a new report by Global Financial Integrity (GFI), the Washington based non-profit focused on illicit financial flows…. Read More ›
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 ›