Shell companies key to North Korea’s illicit access to the global financial system
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…
US files complaint against Chinese shell companies facilitating US technology sales to North Korea
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…
North Korea finances TBML with US$1.5 billion war chest
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…
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.