Companies in several jurisdictions sanctioned by US for facilitating business with Iran
Companies in several jurisdictions have been sanctioned by the US for facilitating the sale of hundreds of millions of dollars’ worth of Iranian petrochemicals and petroleum products to buyers in East Asia. This latest tranche of sanctions underlines the determination of the US treasury department’s…
IWT Financial Flows Toolkit launched to support financial institutions
A toolkit aimed at supporting financial institutions in addressing and reporting suspicious transactions relating to the illegal wildlife trade (IWT) has been launched. Developed by the UK Serious Organised Crime Network in collaboration with the UAE government, WWF, TRAFFIC and Themis, the IWT Financial Flows…
Two arrested in US$225 million fake software TBML scam
India’s Enforcement Directorate has arrested two more people allegedly involved in a US$225 million trade-based money-laundering (TBML) operation based on importing what purported to be customised software. Investigators however discovered that the software was fake but provided the accused with the opportunity to transfer funds…
