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    Trade finance banks risk higher penalties under revised US antiboycott rules

    by admin October 31, 2022

    Trade finance banks operating in the US risk higher penalties under a policy issued by Washington aimed at strengthening and enhancing enforcement of the antiboycott rules administered by the US department of commerce. The rules prohibit US support for unsanctioned foreign boycotts against countries friendly to…

    news, Trade Based Financial crimes News

    Pakistan and, despite concerns, Nicaragua off FATF grey list

    by admin October 24, 2022

    Pakistan and Nicaragua have been removed from the Financial Action Task Force (FATF) ‘grey list’ of jurisdictions under increased monitoring according to a statement issued at the end of the global financial watchdog’s plenary meetings in Paris last week. Pakistan, which has been on the…

    news, Trade Based Financial crimes News

    FATF grey list: Gibraltar added, Malta removed, Pakistan remains

    by admin June 20, 2022

    Gibraltar has been added to the Financial Action Task Force (FATF) ‘grey list’ of jurisdictions subject to increased monitoring for failing to adequately implement anti-money laundering and counter financing of terrorism (AML/CFT) measures. Malta, after 12 months of increased monitoring, is now off the grey…

    news, Trade Based Financial crimes News

    Pakistan and China agree to a single electronic customs portal to fight TBML

    by admin April 27, 2022

    Pakistan’s new national single window customs portal, which allows traders to submit and access all relevant documents relating to a trade via a single electronic gateway, is to integrate with its Chinese counterpart after the customs authorities in the two countries agreed to form a…

    Trade Based Financial crimes News

    UAE added and Pakistan kept on FATF grey list

    by admin March 7, 2022

    The UAE is the only new jurisdiction to have been put on the Financial Action Task Force (FATF) ‘grey list’ of countries at the global financial watchdog’s plenary meetings last week. The emirates are now actively working with the task force to address strategic deficiencies…

    news, Trade Based Financial crimes News

    Pakistan first country in the region to join Tradelens to strengthen TBML controls

    by admin January 3, 2022

    Pakistan Customs has become the first authority in the region to sign an agreement with TradeLens, a blockchain-underpinned logistics platform supported by five out of six of the world’s largest ocean carriers to digitise import-export documentation of containerised cargo. Jointly developed by Maersk and IBM, the…

    news, Trade Based Financial crimes News

    Single window customs portal expected to curb TBML in Pakistan says former finance minister

    by admin November 5, 2021

    Pakistan’s new national single window customs portal, which allows traders to submit and access all relevant documents relating to a trade via a single electronic gateway, is expected to curb trade-based money laundering (TBML) according to a former finance minister. Shaukat Tarin, who is now…

    news, Trade Based Financial crimes News

    No evidence of under-invoicing by Pakistan’s MG car importer

    by admin July 30, 2021

    No evidence of under-invoicing in favour of the importer of MG cars into Pakistan has been found by the country’s Federal Bureau of Revenue (FBR) after its six month investigation into the importer and the vehicles’ Chinese manufacturer. Originally one of Britain’s leading car marques…

    Trade Based Financial crimes News

    Haiti, Malta, Philippines and South Sudan added to FATF grey list, Ghana removed

    by admin June 28, 2021

    Haiti, Malta, Philippines and South Sudan have been added to the Financial Action Task Force (FATF) list of jurisdictions under increased monitoring the task force announced at the end of its plenary session on 25 June. Ghana is the only country to be removed from…

    news, Trade Based Financial crimes News

    Second major waste and recycled metal trade fraud of 2021 revealed

    by admin June 23, 2021

    Italian police have broken up a complex money laundering operation and an illegal metal recycling business that had enabled criminals to transfer huge amounts of illicit cash between Italy and China according to the Reuters news agency. The report follows news that in 15 people…

    Trade Based Financial crimes News
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    US treasury secretary announces international commitment to enhance beneficial ownership transparency
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    FinCEN publishes first guidance on beneficial ownership reporting requirements for businesses
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    UBS, Credit Suisse and US bankers under scrutiny for possible breaches of Russian sanctions
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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

    • US treasury secretary announces international commitment to enhance beneficial ownership transparency
    • FinCEN publishes first guidance on beneficial ownership reporting requirements for businesses
    • 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

    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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