Obstructing drug traffickers’ access to the US financial system is a key target in Washington’s new crackdown on illicit fentanyl supply chains announced this week. The Biden-Harris administration also says it is prepared to impose sanctions on drug traffickers and… Read More ›

supply chain
Inadequate due diligence and beneficial ownership transparency facilitating US$23 billion illegal fishing industry
Lax supply chain due diligence and a lack of beneficial ownership transparency are amongst factors allowing one-fifth of the global fisheries market to be captured by operators involved in illegal, unreported, and unregulated (IUU) fishing, a new report from the… Read More ›
China’s belt and road initiative to fuel IFFs and TBML
China’s belt and road initiative (BRI), the massive global infrastructure development strategy aimed at reshaping global trade routes, has improved transport corridors according to a report published by Global Financial Integrity (GFI) and London university’s Kings College. But these improved… Read More ›
Supply chain visibility needed to see criminals using trade finance to launder money says ADB expert
We need to be able to see deep inside supply chains to know whether criminals are using trade finance to launder money says head of trade and supply-chain finance at the Asian Development Bank (ADB), Steven Beck. Replacing paper trails… Read More ›
Trade-based financial crime transformed by invasion of Ukraine, pandemic impacts and digitalisation
Russia’s invasion of Ukraine, pandemic-related supply chain disruptions, digitalisation and online trading have transformed the nature and scope of trade-based financial crime according to panellists at a recent Regulation Asia webinar. The webinar aimed at banks in the Asia-Pacific region… Read More ›