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FATF, alongside INTERPOL and UNODC, has issued a global call to action for countries to strengthen asset recovery, boost cross-border cooperation, and tackle illicit finance that fuels crime and terrorism

May 19, 2025

Countries must strengthen asset recovery, enhance cross-border financial investigations, and implement FATF’s tightened anti-money laundering standards. Closer collaboration with the private sector, adoption of new technologies, and capacity building are essential to disrupt the illicit profits driving organised crime and terrorism.

UN Sanctions List last updated

May 12, 2025

INTERPOL calls for global action to tackle escalating threat of chemical weapons, emphasising the role of AI and the exploitation of financial networks in fueling illicit trade and TF

May 9, 2025

Emerging technologies, especially AI, are raising significant concerns, as non-state actors use AI to create propaganda and plan attacks. AI is also being leveraged for chemical synthesis and cyberattacks on chemical facilities, amplifying the risks. The proliferation of weapons of mass destruction is driven by non-state actors exploiting vulnerabilities and trafficking hazardous materials. Fragmented regulatory controls worsen the illegal diversion of chemical precursors, leaving gaps in security…

OECD’s 2025 Mapping Global Trade in Fakes report reveals counterfeit goods totaled $467bn (2.3% of global trade) in 2021, urging stronger action to curb illicit trade, protect supply chains and IP rights

May 7, 2025

New OECD report finds that global counterfeiting remains a $467bn threat, fuelled by complex supply chains, online sales, and small parcel shipments, urging stronger international enforcement and collaboration to protect innovation, public safety, and legitimate trade…

UNODC’s latest report exposes how Asian crime syndicates are driving $37bn in global losses through AI-driven cyber fraud and blockchain-based ML schemes

April 28, 2025

The increasing use of technologies like AI, deepfakes, and underground banking has facilitated the growth of these operations, making them more scalable and harder to detect. The UNODC urges enhanced international cooperation and preparedness to combat the rising intensity and geographical spread of these cyber-enabled crimes. The report estimates that hundreds of scam centres generate…

TRACIT’s 2025 Illicit Trade Index releases new global benchmark, urging urgent action and stronger enforcement to combat illicit trade networks across 158 countries

April 22, 2025

This Index sets a new standard for assessing the resilience of countries against illicit trade. It serves as an essential tool for governments and enforcement agencies to understand their strengths and weaknesses in tackling illicit trade networks, from counterfeiting to smuggling…

FATF PSCF 2025 calls for stronger public-private collaboration to strengthen AML/CTF efforts, focusing on updated ‘travel rule’ standards and digital innovation for financial inclusion

April 7, 2025

Key discussions focused on updating the Travel Rule and finding the right balance between payment transparency and data protection. Participants emphasised the need for better information sharing and greater alignment between AML/CFT and privacy frameworks. Digital tools were also recognised as important enablers of financial inclusion….

Beyond FS’s blog stresses the need for a clear strategy and thorough due diligence in KYC tech implementations to avoid costly failures and ensure alignment with business goals

April 5, 2025

This blog by Beyond FS discusses the challenges that financial crime teams face when implementing new KYC (Know Your Customer) and financial crime technology. It emphasizes the importance of setting a clear internal strategy before adopting new technology, aligning the technology with the company’s business objectives, and conducting thorough due diligence to avoid common pitfalls and costly failures…

FFIS’s report (Mar 25) highlights a global shift in private sector collaboration in combating economic crime, while raising concerns about data privacy, gaps, and financial exclusion

March 27, 2025

New laws across key jurisdictions are driving P2P information sharing to boost financial crime detection—while raising concerns over data privacy, regulatory gaps, and risks of financial exclusion from shared risk insights…

Nasdaq’s 2024 Global Financial Crime Report reveals $3.1 trillion in illicit funds surged through the global financial system in 2023, financing ML, human and drug trafficking, and terrorism

March 25, 2025

This included money laundering funding crimes such as human trafficking ($346.7B), drug trafficking ($782.9B), and terrorism ($11.5B). Additionally, fraud and bank fraud schemes resulted in projected global losses of $485.6 billion. These figures underscore the significant human and financial impacts of financial crime…

FATF’s report ‘Detecting, Disrupting, and Investigating Online Child Sexual Exploitation’ highlights the financial flows behind these crimes and calls for urgent action from authorities and FIs

March 13, 2025

The report highlights how cryptocurrency, prepaid cards, anonymous payment processors, and underground banking networks are exploited to move illicit funds across borders. Dark web markets, peer-to-peer transactions, and unregulated digital payment platforms further obscure the financial trails, making detection and disruption more challenging…

OCCRP uncovers $35m crypto fraud and ML scheme – Georgian Call Centre used deepfakes and fake identities to defraud 6,000 victims

March 7, 2025

The scammers utilised deepfake videos featuring celebrities like Ben Fogle to promote fraudulent cryptocurrency investments, The operation, linked to the Georgian telemarketing firm AK Group, employed deceptive tactics, including false identities and forged documents, to perpetrate the fraud Georgian prosecutors have initiated a criminal investigation into A.K. Group…

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