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    Sanctions alone will not stop Wagner’s African operations or Russian oil trades

    by admin July 24, 2023

    The Atlantic Council, the Washington-based nonpartisan think tank and public policy organisation, has published a comprehensive analysis of the Wagner Group that concludes that sanctions have been ineffective at curbing the activities of the private military company based in Russia.

    news, Trade Based Financial crimes News

    Hong Kong bankers urged to curb dual-use and advanced technology exports to Russia

    by admin July 7, 2023

    Bankers in Hong Kong are amongst those in the Asian financial hub to have been asked by US treasury department officials to help identify American-made high-tech items being shipped to Russia according to the Nikkei The US diplomatic effort reflects Washington’s aim to prevent circumvention…

    news, Trade Based Financial crimes News

    Correspondent bank relations could enhance effectiveness of Russian sanctions

    by admin June 16, 2023

    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…

    news, Trade Based Financial crimes News

    G7 to discuss trade in Russian-origin diamonds, gold and other metals

    by admin May 19, 2023

    Tightening restrictions on trade in Russian-origin diamonds, gold and other metals is expected to feature prominently in discussions amongst leaders of the Group of Seven (G7) nations when they contemplate further sanctions on Moscow at a summit this week. Other topics up for discussion include…

    news, Trade Based Financial crimes News

    Financial services firms lacking resources and talent to cope with fog of Russian sanctions

    by admin August 24, 2022

    Global banks and businesses face unprecedented challenges in applying sanctions, export controls, and prohibitions against providing certain services to Russia since its invasion of Ukraine on 24 February, according to a white paper published by Thomson Reuters. Entitled The fog of sanctions, the paper observes that…

    news, Trade Based Financial crimes News

    TradeSun’s trade finance compliance platform now integrated with Coriolis’ ESG solution

    by admin August 19, 2022

    TradeSun, a trade finance platform that features artificial intelligence technology that augments human behaviour by learning how employees interact with trade finance documents, and Coriolis Technologies, a trade data and analytics provider, have partnered to launch an integrated solution for banks to measure and verify…

    news, Trade Based Financial crimes News

    Trade finance retaliation warning as concerns mount over Turkey’s deepening ties with Russia

    by admin August 10, 2022

    Trade finance for transactions with Turkey could be restricted amidst mounting alarm in western capitals over Ankara’s deepening ties with Moscow forged last week when Turkish President Recep Tayyip Erdogan met his Russian counterpart, Vladimir Putin. The leaders agreed to boost cooperation in trade and…

    news, Trade Based Financial crimes News

    EU bans Russian gold imports, tightens export controls and restricts shipping

    by admin July 27, 2022

    The EU Council has adopted further sanctions against Russia, effectively banning its  most significant export after energy – Russian gold. It has also introduced new measures to prevent circumvention of sanctions by ships and extends the list of dual-use and advanced technology items that may contribute…

    Trade Based Financial crimes News

    EU set to join UK, Canada, US and Japan by banning imports of Russian gold

    by admin July 20, 2022

    The European Commission (EC) has set out plans to introduce a new import ban on Russian gold to align with the announcement last month that the UK, Canada, US and Japan would do so in an attempt to stem funding for Moscow’s invasion of the Ukraine….

    Trade Based Financial crimes News

    Designated Russian individuals turning to TBML to evade sanctions

    by admin July 18, 2022

    Sanctioned Russian individuals are using a range of methods, including trade-based money laundering (TBML), to evade sanctions imposed on them following Russia’s invasion of Ukraine according to financial intelligence sources consulted by the UK’s Joint Money Laundering Intelligence Taskforce (JMLIT). Other methods include using family…

    news, Trade Based Financial crimes News
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    Banks on guard after STRs reveal massive Singapore-based transnational money laundering organisation
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    Diamond traders and Wagner official with gold trade links sanctioned
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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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    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 Hong Kong IFFs illegal wildlife trade Illicit financial flows letter of credit letter of credit money laundering Money laundering OECD Office of Foreign Assets Control (OFAC) Pakistan Russia Sanctions suspicious activity reports (SAR) suspicious transaction reports (STR) TBML trade-based financial crimes Trade-based money laundering (TBML) trade based money laundering Trade misinvoicing UK under-invoicing US US sanctions US Treasury Department

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    Latest Articles

    • Banks on guard after STRs reveal massive Singapore-based transnational money laundering organisation
    • Host city of the European anti-money laundering authority to be decided soon
    • Diamond traders and Wagner official with gold trade links sanctioned
    • Bancrédito fined as US sets sights on offshore lenders
    • Capgemini eyes growing market for financial crime compliance with Exiger acquisition

    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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    Get in touch

    • ATFCP Contact @ Coastline Solutions
    • Tel:  + 353 1 2352166
    • Email:  info@coastlinesolutions.com
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