Argentina includes crypto firms in AML regulations

Argentina’s ML regulator is working to add service providers in the cryptocurrency ecosystem to its list of entities subject to reporting and recording customer transactions. Crypto firms will have to implement KYC procedures and report suspicious transactions...

US imposes sanctions on narcotics traffickers

The Treasury Department designated Wilder Emilio Sanchez Farfan from Ecuador and Miguel Angel Valdez Ruiz from Mexico for allegedly trafficking cocaine into the US. The pair are also accused of contributing to the illicit activities of major Mexican...

GFI on company registration & ML vulnerabilities

This report focuses on the five largest economies in Latin America – Mexico, Colombia, Brazil, Argentina, and Chile – analyzes how corporate structures can be exploited for money laundering or other financial crimes…

OCCRP traces endangered Brazilian timber in the US

At the center of the fraud was Brazil’s forestry credits system, which was used to disguise the origin of the timber, leaked documents reveal. Shipping permits show the laundered wood was then sold to J. Gibson McIlvain — one of more than three dozen U.S. companies...

Basel paper on nexus between corruption & ML

The Basel Institute of Governance paper targets the nexus between corruption and money laundering. Scholars and practitioners observed how offshore financial centers and financial infrastructures have become central in facilitating corruption and other criminal...