TBML in top five blogs for fraud and financial crime professionals
Trade-based money laundering (TBML) was one of the five most popular subjects amongst fraud and financial crime professionals in 2021 on blogs managed by FICO, the California-based company best known for its measure of US consumer risk, the FICO score. The other four most popular…
Financial institutions’ critical role in combatting wildlife trafficking outlined in new FinCEN report
The US treasury department’s Financial Crimes Enforcement Network (FinCEN) has released a Financial Threat Analysis on wildlife trafficking threat patterns and trend information identified in Bank Secrecy Act (BSA) data. The report aims to further inform efforts to combat wildlife trafficking and the associated movement…
Focus on trade in radically overhauled new US strategy for an international fight against corruption
The US will work with international partners as well as domestically to prevent, limit, and respond to corruption and related crimes in a significant overhaul of the way it targets public corruption that includes a clear focus on international trade according to a new plan…
Illegal wildlife and logging trades targeted by new G7 agreement to strengthen beneficial ownership registries
G7 finance ministers have agreed to implement and strengthen registries of company beneficial ownership information in their respective jurisdictions. The UK says this a major step forward in global efforts to tackle illicit finance and will also boost the country’s work as G7 President to…
