Trade-based financial criminality in Mozambique’s US$2 billion corruption scandal
The son of Mozambique’s ex-president and 18 others have gone on trial over a corruption scandal that allegedly used three state-owned companies to take on US$2 billion of debt in what has become known as the “hidden debt” affair. Extensive use of trade-based financial crime…
Afghanistan’s opium related TBML history and banking uncertainty
International efforts to monitor flows of cash into Afghanistan following its takeover by the Taliban are underway as the new Afghan government must search for financial lifelines now that international funds are cut off. What role trade-based financial crime will play in this current scenario and…
GlobE Network for worldwide anti-corruption information exchange launches today
Today marks the launch of the Global Operational Network of Anti-Corruption Law Enforcement Authorities (GlobE Network), a major international operational network for information exchange between anti-corruption law enforcement authorities. The initiative was developed in partnership with the G20 countries and international organisations, including Interpol, Egmont…
Transparency International says FACTI should focus on three reforms to curb IFFs
Transparency International (TI) says it believes that the High Level Panel on International Financial Accountability, Transparency and Integrity for Achieving the 2030 Agenda (FACTI) would do well by prioritising three key reforms to address what it describes as the pernicious impact of illicit financial flows…
