As part of an EU-funded initiative, TRAFFIC has released a new guide to support European Union (EU) investigations into the illegal wildlife and timber trafficking trades. The 86-page report offers firms and law enforcement crucial principles to ensure effective investigations […]
On May 30, 2023, the Bangko Sentral ng Pilipinas (BSP) issued a memo to remind supervised financial institutions (FIs) of their regulatory obligations to perform strong due diligence measures on designated non-financial business and profession (DNFBP) customers. According to the […]
On June 6, 2023, the Office of Foreign Assets Control (OFAC) designated three individuals and one entity in connection with the notorious Jalisco New Generation Cartel (CJNG). Two senior members of the criminal group were sanctioned for arms trafficking and […]
In a joint action day supported by Europol and Eurojust, 33 people have been arrested for their alleged connection to a global money laundering network. According to investigators, the network ran a trade-based money laundering (TBML) scheme that utilized companies […]
UK credit and debit card details are among the most common on the dark web. According to a report published by cybersecurity company NordVPN, the country is third only to the United States and India. After studying six underground marketplaces […]
The US Department of Homeland Security is establishing a new wildlife trafficking unit to disrupt the flow of wildlife commodities that are illegally traded to help fund terrorist organizations. Following the 2023 Homeland Security Appropriations Bill, $7.5 million was allocated […]
On May 26, 2023, the Monetary Authority of Singapore (MAS) published new guidance for financial institutions (FIs) on reviewing their countering the financing of terrorism (CFT) controls. The advisory follows an industry-wide survey conducted by the regulator, which considered CFT-related […]
On May 19, 2023, the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced new sanctions and export controls on Russia to further impair the country’s capacity to wage war against Ukraine. The new measures were announced […]
The European Commission has written a memo detailing further aspects of the European Union’s new Anti-Money Laundering Authority (AMLA), which is expected to be fully resourced by the end of 2025, with direct supervision established by 2026. While the memo […]
The Hong Kong Monetary Authority (HKMA) has announced the launch of a new pilot program for the potential rollout of a retail central bank digital currency (CBDC), known as e-HKH. On May 18, 2023, the regulator confirmed that 16 firms […]
On May 16, 2023, UK Finance published its 2022 Annual Fraud Report detailing the extent of fraud in the country’s payments industry. The paper revealed that more than £1.2 billion was stolen by criminals through authorized and unauthorized fraud in […]
On May 11, 2023, Canada’s division of the global anti-corruption non-government coalition Transparency International (TI) published a whitepaper on establishing a Canadian Financial Crime Agency (CFCA). The report follows Canada’s 2022 budget, which laid out plans to bolster Canada’s ability […]
EN
FR