Sanctioned Russian entities can evade restrictions by engaging in gold and money laundering
Barred from generating and accessing profits from gold produced domestically or at their mining investments abroad, sanctioned Russian entities and individuals can evade restrictions imposed on them if they engage in gold and money laundering to disguise the origins of the gold and the beneficiaries…
Illegal gold trade in Ecuador vulnerable to money laundering says new report
The illegal gold trade in Ecuador is growing and increasingly accelerated by illicit cross-border contraband flows and unique vulnerabilities to money laundering activity according to a new report by the Organisation of American States Department against Transnational Organised Crime (OAS/DTOC). The report, On the trail…
UAE launches assessment of proliferation financing risks as FATF ‘grey list’ decision looms
The UAE has launched a comprehensive assessment of proliferation financing risks as it strives to avoid being placed on the Financial Action Task Force (FATF) ‘grey list’ of countries with strategic deficiencies in their anti-money laundering and counter financing of terrorism (AML/CFT) regimes. In April…
