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INTERPOL’s Law Enforcement Intellectual Property (IP) Conference focuses on enhancing security in free trade zones and supply chains while developing strategies and partnerships to combat IP crime

September 24, 2024

This conference addresses 3 key areas notably coordinating responses, aligning resources and leveraging opportunities. This will provide new impetus to our united efforts to tackle this threat, which not only harms public health, but also damages economies, undermining communities…

OECD and UN announce next steps in collaboration on Artificial Intelligence (AI), a significant step to support globally coordinated AI governance

September 22, 2024

OECD and the UN will link their efforts to help governments improve the quality and timeliness of their policy response to AI’s opportunities and its risks…

Egmont Group Chair highlights global efforts to combat ML/TF at Latin American Event, stressing the role of FIUs in helping to dismantle the financial networks that support criminal organisations

September 18, 2024

She stated our collective efforts, which are based on trust and following the principles of FIUs operational independence and autonomy, are essential in disrupting the financial mechanisms of crime and ensuring a safer global financial system…

FATF updates its consolidated assessment ratings – a notable development is the removal of Jamaica and Turkey from the grey list

September 15, 2024

Jamaica successfully implemented a 13-point action plan addressing deficiencies like preventing misuse of legal entities and improving its AML/CFT measures. Turkey enhanced its supervision of vulnerable sectors like banking and cryptocurrency, leading to its removal from the grey list as well. Additionally, FATF has revised its methodology to strengthen asset recovery and international cooperation standards, requiring countries to prioritize confiscating criminal assets and improving cross-border collaboration. These should be read in conjunction with the detailed Mutual Evaluation Reports, which are available on this website…

INTERPOL Americas meeting strengthens regional commitment to combat human trafficking, crimes against children, and environmental offenses

September 15, 2024

INTERPOL Americas Regional Conference ended with a push for stronger collaboration to fight organized crime and related violence. Key recommendations included safeguarding vulnerable groups, combating drug and environmental crimes, and addressing vehicle crime linked to broader criminal activities. Senior officials highlighted the critical role of INTERPOL’s Notices system in tracking down gang members and identifying terrorism…

An INTERPOL-coordinated international operation targeting drug trafficking in Southeast Asia led to the record-breaking seizure of synthetic drugs valued at USD1.05 bn

September 14, 2024

INTERPOL’s real-time intelligence exchange significantly enhanced the operation’s success, including analysing 291 kilograms of cocaine washed ashore in Vietnam and adding the data to its relief database for tracking future shipments. The relief database offers advanced analysis of drug packaging while Interpol’s secure platform and I-RAID program support systematic drug trafficking data management and combat operations…

Wolfsberg responds to the consultation on FinCEN’s notice of proposed rulemaking (NPRM) for the AML/CFT program rule, emphasising the need for greater flexibility in the risk assessment process

September 11, 2024

They also call for clearer expectations for AML program effectiveness, particularly for U.S.-based management of these programs. Another critical point is the recommendation to extend the implementation timeline for firms, as they believe the current schedule might be too tight for many institutions to comply effectively…

GI-TOC publishes a report on a new cybercrime treaty that grants governments broad enforcement powers and access to electronic data, but lacks adequate oversight

September 9, 2024

The treaty permits electronic evidence collection for serious crimes or other offenses involving information and communications technology, allowing law enforcement and intelligence agencies to easily exchange data and compel cooperation from service providers and the UN. While the treaty could address severe incidents like ransomware attacks, its primary focus appears to be on data collection, dependent on ratifying countries…

FATF President, Elisa de Anda Madrazo of Mexico, highlights FATF’s inclusive approach at the G20 Finance Ministers and Central Bank Governors Meeting in Brazil, July 2024

September 2, 2024

It was highlighted that FAFTF is developing guidance on how to be effective in combatting illicit finance from a low-capacity country context and dimension. Changes have been made how to prioritse countries for increased scrutiny to reduce the pressure on less developed countries…

UNODC publishes report on organised criminal networks linked with drug trafficking in the Eastern Indian Ocean region

August 24, 2024

This examines the complex dynamics of transnational drug smuggling in Maldives and Sri Lanka, highlighting the role of socio-cultural factors, corruption, and emerging trafficking routes. The report also addresses the increasing influence of maritime routes in drug trafficking and the evolving use of air and postal methods.

Reuters: RBB Bancorp announces that US regulators have lifted the October 2023 consent order

August 22, 2024

RBB Bancorp announced that the consent order issued by US regulators in October 2023 has been lifted. This comes after resolving deficiencies in its AML and CFT program. The order was imposed by the Federal Deposit Insurance Corporation and the California Department of Financial Protection and Innovation…

UNODC Member States finalise a new cybercrime convention that will enhance international cooperation, law enforcement efforts, technical assistance, and capacity-building relating to cybercrime

August 20, 2024

The aim of this draft convention is to strenghen international cooperation for combating certain crimes committed by means of information and communications technology systems and for the sharing of evidence in electronic form of serious crimes…

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