TCOs “highly favour” TBML operations to manipulate financial institutions and international trade

Transnational Criminal Organisations (TCOs) continue to highly favour trade-based money laundering (TBML) operations to transport and launder illicit proceeds through the manipulation of international trade and financial institutions according to the US Drug Enforcement Administration’s (DEA’s) recently published National Drug Threat Assessment 2020. It says…

Financial exclusion and opaque banking laws help make Colombian gold more attractive than drugs to money launderers

The exclusion of artisanal and small-scale miners from the financial system and Switzerland’s opaque banking laws are amongst the factors making Colombia’s gold sector vulnerable to illicit financial flows (IFFs) according to a new report published by Global Financial Integrity (GFI). Meanwhile gold appears more…