The World Customs Organisation (WCO), Egmont Group of Financial Intelligence Units (FIUs) and Interpol have successfully concluded their first anti-money laundering and counter financing terrorism financing (AML/CTF) joint investigation in the Western Hemisphere.

Operation Tentacle-Latin America revealed extensive illicit movements of gold, silver, diamonds and gemstones across borders by organised crime groups to launder the proceeds of their activities and resulted in combined seizures totalling nearly US$3 million.

The investigations revealed instances of trade-based financial crime and involved analysis of data from foreign trade operations.

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