by Jyotsna Bucktowar | Dec 8, 2024
The report highlights structural weaknesses in the Western Balkans that enable money laundering. Key issues include regulatory gaps in cryptocurrency, which allow anonymous, cross-border transactions, and financial technology, which introduces new risks due to lagging...
by Jyotsna Bucktowar | Nov 27, 2024
The PCC, known for drug trafficking and other criminal activities, exploited small and medium-sized football clubs in Portugal to launder money. This scheme came to light following an investigation launched by the Portuguese Football Federation (FPF) on November 17,...
by Jyotsna Bucktowar | Nov 15, 2024
Guernsey has confiscated nearly half a million dollars in criminal proceeds on behalf of Colombia, following extensive cooperation between the two authorities. The money was held on trust with a Guernsey financial institution for the benefit of the wife of “Don...
by Jyotsna Bucktowar | Oct 22, 2024
The operation, code-named SOGA X was designed to tackle illegal online football gambling during the UEFA 2024 European Football Championship, which was predicted to generate a surge in betting turnover, and lucrative profits for criminal organizations. The illegal...
by Jyotsna Bucktowar | Apr 5, 2024
The FATF published the updated rating in the Seventh Enhanced Follow-Up Report of the US, recognizing Treasury’s historic efforts to increase beneficial ownership transparency and address key vulnerabilities in the U.S. AML/CFT framework…
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