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    EU set to join UK, Canada, US and Japan by banning imports of Russian gold

    by admin July 20, 2022

    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 Moscow’s invasion of the Ukraine….

    Trade Based Financial crimes News

    Financial services providers, importers and exporters could face criminal charges for breaching EU restrictive measures

    by admin June 3, 2022

    Providers of financial services such as loans and credit as well as importers and exporters who participate in activities sanctioned or otherwise prohibited or restricted by the European Union (EU) could face criminal charges if a proposal by the European Commission (EC) is adopted. The…

    Trade Based Financial crimes News

    Analyse “long-concealed SWIFT data” to sanction Russian oligarchs says TJN

    by admin March 23, 2022

    Analysis of “long-concealed SWIFT data” to detect where money has been rerouted to should be used in efforts by newly established task forces to sanction Russian oligarchs and companies according to the Tax Justice Network (TJN). It says efforts to sanction Russian entities have immediately…

    news, Trade Based Financial crimes News

    Russia’s military action in Ukraine triggering slew of new financial crime compliance, sanctions and security measures

    by admin March 2, 2022

    A multilateral transatlantic task force to identify, hunt down, and freeze the assets of sanctioned Russian companies and oligarchs has been launched by a coalition of western allies – the European Commission, France, Germany, Italy, the UK, Canada, and the US – in response to…

    Trade Based Financial crimes News

    Turkey escapes alignment of EU list of jurisdictions with strategic AML/CFT deficiencies with FATF grey list

    by admin January 17, 2022

    Turkey has not been included in a new European Union (EU) List of Third-country Jurisdictions which have Strategic Deficiencies in their Anti-Money Laundering / Counter Terrorist Financing (AML/CFT) Regimes. The list was revised earlier this month so that, with the exception of Turkey, it aligns…

    news, Trade Based Financial crimes News

    EC proposal to end misuse of shell entities in EU for tax purposes could reveal those used in trade-based financial crimes

    by admin January 10, 2022

    The European Commission (EC) has published Anti-Tax Avoidance Directive 3 (ATAD 3) laying down rules to prevent the misuse of shell entities for improper tax purposes throughout the European Union (EU). While the directive aims to clamp down on the use of shell companies for…

    Trade Based Financial crimes News
    Trade Based Money Laundering

    Chinese national who used seafood TBML in global drug money laundering scheme pleads guilty

    by admin August 11, 2021

    A Chinese national and naturalised US citizen has pleaded guilty to his involvement in a conspiracy to launder at least US$30 million in drug proceeds on behalf of global drug trafficking organisations. Trade-based money laundering (TBML) was used extensively by Xizhi Li, who along with…

    Trade Based Financial crimes News

    European parliament calls for an EU FIU and more funding for AML efforts

    by admin July 26, 2021

    The European Commission has presented an ambitious package of four legislative proposals to strengthen the European Union’s (EU’s) anti-money laundering and counter financing of terrorism (AML/CFT) rules, which includes the creation of a new EU authority to fight money laundering (Trade-based Financial Crime, 21 July 202, New…

    news, Trade Based Financial crimes News

    New authority plans to establish EU-level AML/CFT supervision and coordinate FIU efforts

    by admin July 23, 2021

    A new European Union (EU) authority to fight money laundering will likely oversee the establishment of EU-level anti-money laundering and counter financing of terrorism (AML/CFT) supervision if a package of four legislative proposals to strengthen the union’s (AML/CFT) rules is adopted (Trade-based Financial Crime, 21…

    news, Trade Based Financial crimes News

    New EU AML Authority centrepiece in European Commission’s ambitious AML/CFT proposals

    by admin July 21, 2021

    The European Commission presented yesterday a package of four legislative proposals to strengthen the European Union’s (EU’s) anti-money laundering and counter financing of terrorism (AML/CFT) rules. The package includes a proposal for the creation of a new EU authority to fight money laundering, new AML/CFT regulations with…

    news, Trade Based Financial crimes News
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    Washington continues blitz on third-country entities linked to sanctions evasion
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    Australia focusing even more on TBML with new multi-agency taskforce
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    FATF updates guidance on beneficial ownership
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    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.

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    Latest Articles

    • Washington continues blitz on third-country entities linked to sanctions evasion
    • Australia focusing even more on TBML with new multi-agency taskforce
    • FATF updates guidance on beneficial ownership
    • AfDB and CoDA launch US$5.9 million project to address financial crime, money laundering and tax avoidance
    • Stolen chicken-wings may be linked to organised IVTS and TBML schemes

    Professional Qualifications

    Certificate in Trade Finance Compliance (CTFC) CTFC is the new industry certification designed to tackle trade finance based crimes across the globe.

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