Free-trade zones vulnerable to illicit trade and financial crime says RUSI paper
Free-trade zones (FTZs) can be attractive to criminal groups as well as legitimate businesses according to a paper published by the Royal United Services Institute’s (RUSI’s) Centre for Financial Crime and Security Studies. The paper identifies factors that render FTZs vulnerable to illicit trade and…
US authorities “bungled” prosecution of Waked’s TBML operations for drug cartels
The US authorities have been criticised in an article published by InsightCrime for their “bungled” and apparently lenient approach to the massive trade-based money laundering (TBML) operations of Nidal Waked. A prominent Panamanian businessman, Waked worked alongside several relatives supporting the financial operations of major…
