The US treasury department’s Office of Foreign Assets Control (OFAC) has designated three Paraguayan individuals and five associated entities to the Specially Designated Nationals (SDNs) list. Their assets in US are blocked and US persons are generally prohibited from dealing… Read More ›
International efforts to monitor flows of cash into Afghanistan following its takeover by the Taliban are underway as the new Afghan government must search for financial lifelines now that international funds are cut off. What role trade-based financial crime will play… Read More ›
Yachts, private jets, horses, cars, jewellery, high-end watches and art are amongst the assets traded to enable kleptocrats, criminals, sanctions evaders and corrupt government officials to execute global money laundering schemes according to a new report published by Global Financial… Read More ›
A Chinese national and naturalised US citizen has pleaded guilty to his involvement in a conspiracy to launder at least US$30 million in drug proceeds on behalf of global drug trafficking organisations. Trade-based money laundering (TBML) was used extensively by… Read More ›
Trade-based money laundering (TBML) and free-trade zones (FTZs) are amongst the mechanisms that allow for illicit financial flows (IFFs) to proliferate across Latin America the UK government has said in a recently issued tender. It calls for a study into… Read More ›
Trade-based money laundering (TBML) empowers criminals to run free post-Brexit is the title of a new report that concludes that the UK’s vulnerability to TBML will increase as it increasingly focuses on trade with developing countries. Based on interviews with… Read More ›
A report on trade-based money laundering (TBML), regulations regarding anti-money laundering and counter financing of terrorism (AML/CFT) requirements for the antiquities trade and a study on money laundering and the art trade are amongst 22 reports, regulations or studies to… Read More ›
Veteran information, analytics and solutions provider to the maritime and trade sector, IHS Markit has announced a partnership with and Complidata, which offers a data driven anti-money laundering (AML) trade finance platform. The partnership will offer customers in trade finance… Read More ›