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    Shell companies key to North Korea’s illicit access to the global financial system

    by Mark Ford November 13, 2020

    North Korea is managing to bypass international sanctions and gain access to the global financial system using shell companies and bogus documents according to confidential bank documents NBC News says it has seen. The documents indicate that North Korea, alongside other rogue actors, move millions…

    news, Trade Based Financial crimes News

    US files complaint against Chinese shell companies facilitating US technology sales to North Korea

    by Mark Ford October 30, 2020

    The US has filed a complaint against two Chinese shell companies it accuses of helping China’s ZTE Corporation sell US technology to North Korea in violation of US sanctions US prosecutors are now seeking to forfeit nearly US$1 million from Ryer International and Rensy International, the…

    Trade Based Financial crimes News

    North Korea finances TBML with US$1.5 billion war chest

    by Mark Ford May 26, 2020

    North Korea continues to import and export goods despite extensive sanctions imposed on it by using trade-based money laundering (TBML) techniques and finance from a US$1.5 billion cryptocurrency war chest according to experts who participated in a webinar organised by Chainanalysis. The blockchain analysis company…

    news, Trade Based Financial crimes News
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    Latest news

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    UBS, Credit Suisse and US bankers under scrutiny for possible breaches of Russian sanctions
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    ABA calls on FinCEN to make changes to proposed beneficial ownership rule
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    Washington continues blitz on third-country entities linked to sanctions evasion
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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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    Tags

    Africa AML AML/CFT AML/FCT anti-money laundering Artificial intelligence Asia Bank Secrecy Act (BSA) beneficial ownership blockchain China Corporate Transparency Act counter financing of terrorism Data discrepancies economic sanctions European Commission FATF Financial Action Task Force (FATF) Financial crime compliance Financial Crimes Enforcement Network (FinCEN) FinCEN IFFs illegal wildlife trade Illicit financial flows letter of credit letter of credit money laundering Money laundering Office of Foreign Assets Control (OFAC) Pakistan report Russia Sanctions suspicious activity reports (SAR) suspicious transaction reports (STR) TBML terrorism financing trade-based financial crimes Trade-based money laundering (TBML) trade based money laundering Trade misinvoicing UK under-invoicing US USA US sanctions

    Online Training

    • Supply Chain Finance
    • Sustainability in Trade and Trade Finance
    • Incoterms Online training
    • Trade Based Financial Crime
    • Introduction to Trade Finance
    • Going Global
    • UCP 600 Training
    • ISBP 745 Training
    • URC 522 Training
    • URDG 758 Training
    • ISP98 Training
    • URBPO 750 Online Training
    • ICC Opinions
    • DC Insight
    • ICC Court of Arbitration

    Products

    • Supply Chain Finance
    • Sustainability in Trade and Trade Finance
    • Trade Based Financial Crimes
    • Going Global
    • ISBP Online
    • Trade Finance – ICC Digital Library
    • ICC Arbitration Online training

    Latest Articles

    • UBS, Credit Suisse and US bankers under scrutiny for possible breaches of Russian sanctions
    • ABA calls on FinCEN to make changes to proposed beneficial ownership rule
    • 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

    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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