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    Tackling IFFs, revenue mismanagement and corruption top of UN chief’s list for transforming extractive industries

    by admin May 28, 2021

    Addressing illicit financial flows (IFFs), revenue mismanagement and corruption is one of four imperatives highlighted by UN secretary-general António Guterres that must be enacted to ensure that the benefits of mineral resources reach all people in society, not just elites, while safeguarding the natural environment….

    Trade Based Financial crimes News

    UN agencies finalise framework to measure illicit financial flows

    by Mark Ford January 4, 2021

    The United Nations Conference on Trade and Development (UNCTAD) and the United Nations Office on Drugs and Crime (UNODC) have finalised a conceptual framework for the statistical measurement of illicit financial flows (IFFs). Pilot projects are either underway or due to commence soon using the new framework…

    news, Trade Based Financial crimes News

    UNCTAD and ZRA mineral tracking tool now available for other countries

    by Mark Ford November 25, 2020

    A mineral tracking system employing a data evaluation tool designed by the United Nations Conference on Trade and Development (UNCTAD) and the Zambian Revenue Authority (ZRA) helped Zambia recover an additional US$1 million in export dues from mining companies in one year. The system, which…

    Trade Based Financial crimes News

    UNCTAD publishes extensive report on IFFs out of Africa

    by Mark Ford October 9, 2020

    The United Nations Conference on Trade and Development (UNCTAD) has published an extensive study into illicit financial flows (IFFs) out of Africa that it estimates to amount to around US$89 billion annually. The report argues that IFFs are a shared responsibility between developed and developing…

    Trade Based Financial crimes News

    Study backs South African calls for UNCTAD to withdraw mis-invoicing report

    by Mark Ford September 6, 2017

    The South African Chamber of Mines has again called for the withdrawal of a United Nations Conference on Trade and Development (UNCTAD) report that calculated under-invoicing by the country’s miners between 2000-2014 at US$102.8 billion. UNCTAD already responded to earlier criticism of its paper, Trade…

    Trade Based Financial crimes News

    UNCTAD defends study on trade misinvoicing

    by Mark Ford December 9, 2016

    The UN Conference on Trade and Development (UNCTAD) has responded to criticism of its paper, Trade Misinvoicing in Primary Commodities in Developing Countries, a study it published earlier this year (Trade Based Financial Crime, 25 July 2016). Experts challenged the paper’s assertions that between 2000…

    Trade Based Financial crimes News

    UNCTAD report on under-invoicing under challenge

    by Mark Ford August 23, 2016

    Experts are challenging the findings of a recently published report that said that between 2000 and 2014, some 67 per cent of the value of South Africa’s gold exports was lost through under-invoicing. Now it emerges that the apparent data discrepancies on which that conclusion…

    Trade Based Financial crimes News

    UNCTAD publishes first major analysis of commodity misinvoicing in developing countries

    by Mark Ford July 25, 2016

    Trade mis-invoicing is costing some developing countries as much as two-thirds of the value of certain commodity exports according to data from the UN Conference on Trade and Development (UNCTAD). The data provides empirical evidence on the magnitude of trade mis-invoicing in primary exports from…

    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

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    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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