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 ›
Spanish authorities have unearthed a suspected trade-based money laundering (TBML) operation in which a criminal network adulterated highly priced saffron to launder millions of euros. The network falsified documents to pass off the saffron they sold as a high-grade version… Read More ›
Banks involved in international trade transactions need to be more alert to illicit trading in the UK’s eight new freeports that are due to enter operation in late 2021 according to a new study from the University of Portsmouth. It… Read More ›
There will always be a need for the banks and other institutions to focus on the risks of money laundering, but increasingly there is a recognition that organised crime and other money launderers are looking for other means to launder… Read More ›
S&P Global Market Intelligence has published a case study describing how it provided a solution for an Asian-based Asian Financial Crime Compliance (FCC) team tasked with screening trade transactions for signs of trade-based money laundering (TBML) and identifying any direct… Read More ›
Transnational organised crime groups have been detected in trade-based money laundering (TBML) activities in New Zealand while customs operations are gearing up to focus more sharply on TBML operations according to the Financial Action Task Force (FATF). In its newly released… Read More ›
Money laundering and illicit financial flows (IFFs) are amongst several concerns raised by petitioners who have triggered a five-judge bench of the Sri Lankan Supreme Court to examine several petitions filed against the US$1.4 billion China-funded Colombo Port City Commission… Read More ›
Nigerian NGO Human and Environmental Development Agenda (HEDA) has published a three part report on policies, laws and practices in the UK and the UAE as well as domestically in relation to the roles of financial and non-financial institutions in… Read More ›