RUSI report lays bare ‘paucity of established best practice’ in efforts to curb TBML
The Royal United Services Institute (RUSI) has published a report summarising discussions at a workshop it hosted in June with industry and law enforcement professionals over how to face up to the challenges of trade-based money laundering (TBML). The discussion and the report, Insights Workshop…
Correspondent bank relations could enhance effectiveness of Russian sanctions
The Centre for Financial Crime and Security Studies at the Royal United Services Institute (RUSI) has published the main findings and conclusions of a roundtable it convened in May 2023 with a dozen experts in the global financial system with both public and private sector…
Illegal, unreported and unregulated fishing ignored by FATF and financial community
The financial community, led by the Financial Action Task Force (FATF), should show the same degree of commitment to preventing environmental and ecological damage to the oceans as it does to the charismatic species on land according to researchers at the Royal United Services Institute…
Financial crime related to illegal wildlife trade to feature at September G7 meeting
Financial crime related to illegal wildlife trade will feature at the meeting of the G7’s interior and security ministers in September. Ensuring economic security is not undermined by the threat of serious and organised crime, including illicit threats to nature, such as the illegal wildlife trade,…
RUSI outlines five areas for FATF to review to protect and promote financial inclusion
The Royal United Services Institute (RUSI) has published a policy brief outlining five areas within the Financial Action Task Force (FATF) framework that require revision, not only to achieve the primary desired outcome of tackling financial crime but also to prioritise the protection and promotion…
Time to reform and refocus FATF
An expert article has appeared on the Royal United Services Institute for Defence and Security Studies (RUSI) website welcoming the recent decision of the Financial Action Task Force (FATF) to undertake a strategic review and calling on the global financial crime watchdog to reform and refocus…
TBML challenges for bankers and enforcement officers examined
The problem of detecting and tackling money laundering has taxed bankers and law enforcement officers for decades according to one of the researchers working on a two-year project examining illicit trade and money laundering risks in free trade zones. Jonathan Draper, a product strategist at…
Researchers optimistic about measures to curb TBML
Despite the formidable challenges of combatting illicit trade and trade-based money laundering (TBML), several ongoing initiatives give cause for cautious optimism according to one of the researchers working on a two-year project examining illicit trade and money laundering risks in free trade zones. Anton Moiseienko,…
