Ethiopia issues new currency notes to choke illicit financial flows
Trade Based Financial crimes News
The Ethiopian government has issued a higher denomination banknote as part of its efforts to address the problem of significant illicit financial flows (IFFs) out of the country.
The new note, alongside more secure versions of notes in existing denominations, also aims to reduce the circulation of counterfeit currency.
You need to be logged in to view this article.
If you are an existing subscriber please enter your credentials to log in.
To become a member of The Association of Trade Finance Compliance Professionals (ATFCP) click here!
Tags In
Related Posts
Sign up to our mailing list
Trade Based Financial Crime
Trade Based Financial Crime
This online training course provides you with the technical knowledge required to succeed within the trade finance compliance landscape.
Tags
Africa
AML
AML/CFT
AML/FCT
anti-money laundering
Artificial intelligence
Asia
Bank Secrecy Act (BSA)
beneficial ownership
blockchain
China
Corporate Transparency Act
counter financing of terrorism
Data discrepancies
economic sanctions
European Commission
FATF
Financial Action Task Force (FATF)
Financial crime compliance
Financial Crimes Enforcement Network (FinCEN)
FinCEN
IFFs
illegal wildlife trade
Illicit financial flows
letter of credit
letter of credit money laundering
Money laundering
Office of Foreign Assets Control (OFAC)
Pakistan
Russia
Sanctions
suspicious activity reports (SAR)
suspicious transaction reports (STR)
TBML
terrorism financing
trade-based financial crimes
Trade-based money laundering (TBML)
trade based money laundering
Trade misinvoicing
UK
under-invoicing
US
USA
US sanctions
US Treasury Department