New research by one of the world’s leading providers of vessel-tracking, sanctions screening and regulatory solutions endeavours to explain why banks, financial organisations, carriers, and shippers in the UK and Switzerland are losing out on big opportunities in green finance… Read More ›

UK
EU set to join UK, Canada, US and Japan by banning imports of Russian gold
The European Commission (EC) has set out plans to introduce a new import ban on Russian gold to align with the announcement last month that the UK, Canada, US and Japan would do so in an attempt to stem funding for… Read More ›
Clamp down expected on UK registered shell companies favoured by Russia and other ex-Soviet actors
The UK government has published its proposals to clamp down on the use of anonymous or fraudulent shell companies and partnerships that provide criminals with a veneer of legitimacy to help commit a range of crimes, from money laundering and… Read More ›
Financial institutions urged to lead voluntary efforts to break connections between environmental crimes and finance
Financial institutions are being urged by a new report to take leadership in advancing voluntary measures in efforts to break the connection between environmental crimes and finance. The report, Breaking the Environmental Crimes-Finance Connection, presents Finance for Biodiversity’s (F4B’s) analysis… Read More ›
HSBC fined nearly US$64 million for failings in AML systems
The UK’s Financial Conduct Authority (FCA) has fined HSBC Bank £63.9 million (US$84.4 million) for failings in its anti-money laundering (AML) processes. Despite the bank’s use of automated processes to monitor hundreds of millions of transactions a month to identify… Read More ›
Wholesale banking, retail banking and wealth management sectors pose greatest money laundering risk
The wholesale banking, retail banking and wealth management sectors in the UK remain vulnerable to financial crime and pose the greatest money laundering risk based on sector risk assessments by the country’s Financial Conduct Authority (FCA). According to the UK… Read More ›
Assessing the impact of Covid-19 on trade-based financial crime
In the two years since the first cases of Covid-19 were reported several experts and authorities have endeavoured to establish the impact of the pandemic on trade-based financial crime (TBFC). But while it is relatively easy to establish increased vulnerabilities… Read More ›
UK central to US$483 billion annual losses due to tax abuse by multinational companies and wealthy individuals
Tax abuse by multinationals and ultra-wealthy individuals causes annual tax losses of US$483 billion worldwide according to a new report by the Global Alliance for Tax Justice, Public Services International and the Tax Justice Network. The largest share of tax… Read More ›