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INTERPOL and the Govt of Canada launches a new partnership to combat the global multi-billion-dollar vehicle crime industry, aiming to curb the illicit trade fuelling organised crime

November 25, 2024

Stolen vehicles are often moved across continents, sometimes ending up thousands of kilometers away from where they were stolen, making a coordinated international approach crucial. For organized crime groups, the trade of stolen vehicles and parts can be a low-risk way to fund other criminal activities. The illicit market in spare parts can even put lives at risk, as illegitimate parts are likely to fall below recognized safety standards…

Isle of Man FSA releases a series of videos to raise awareness of proliferation financing risks

November 22, 2024

The videos are part of a PF outreach programme being coordinated by a number of government agencies, including the Financial Services Authority, Gambling Supervision Commission, Financial Intelligence Unit, Cabinet Office, and Treasury’s Customs and Immigration Division.The recordings will cover a range of key topics to enhance understanding of PF and assist firms in meeting their obligations in relation to the Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) Code 2019. The proliferation of weapons of mass destruction is identified by the FATF as an emerging threat in terms of financial crime…

INTERPOL-led initiative seizes illegal products worth more than USD 200m in South American operation

November 20, 2024

Operation Crete II (August to September 2024) brought together 12 countries to combat a range of intellectual and industrial property infringements. These included the illicit trade of counterfeit fashion items, medical products, as well as digital piracy. The operation, coordinated and supported by INTERPOL, focused on products that pose a threat to the health and safety of consumers…

FATF announces Korea’s progress in strengthening measures to tackle ML and terrorist financing publication details language

November 17, 2024

Korea has made progress in addressing compliance deficiencies from its 2020 Mutual Evaluation Report. As a result, the FATF has re-rated Korea on one recommendation, moving Recommendation 8 from partially compliant to largely compliant. Korea is now compliant on 13 recommendations largely compliant on 20, and partially compliant on 7…

FATF praises South Africa for the progress it has made in addressing most of the technical compliance deficiencies identified in its MER

November 16, 2024

Country is re-rated to largely compliant on Recommendations 2, 6 and 15. Covering national cooperation and coordination, targeted financial sanctions related to terrorism, and virtual assets.

APG publishes mutual evaluation reports for the Marshall Islands, Papua New Guinea and Timor-Leste

November 14, 2024

These MERs provide a snapshot of the Marshall Island’s system as at the date of the onsite visit in November/December 2023, Papua New Guinea’s system at the date of the onsite in October 2023 and Timor-Leste’s system as at the date of the onsite visit in September 2023.

Open Secrets investigates South Africa’s property laundromat in new report

November 14, 2024

This multi-year investigation exposes how politically connected elites from other African nations use South African real estate to conceal the proceeds of grand corruption, facilitated by local professionals. Lawyers and real estate agents, as detailed in this report, play a key role in enabling these transactions, often at the expense of anti-money laundering laws.

Singapore’s National Anti-Money Laundering Strategy sets out the strategic approach to address ML risks

November 10, 2024

Singapore’s National Anti-Money Laundering (AML) Strategy sets out the strategic approach to address money laundering (ML) risks and will guide our risk-targeted actions to combat ML amidst rapidly changing risks, trends and criminal typologies. Combatting ML is of national importance to Singapore. Maintaining an effective AML framework protects Singapore’s system from illegal activities and illicit asset fund flows and reinforces Singapore’s reputation as a trusted international financial centre and business hub…

GIABA reports significant progress by Côte d’Ivoire in addressing technical compliance gaps identified in 2023 Mutual Evaluation

November 8, 2024

Côte d’Ivoire remains in enhanced follow-up, but is re-rated to Compliant on Recommendation 11 (record-keeping), Recommendation 18 (programs to prevent AML/CFT) and Recommendation 20 (reporting of suspicious transactions).

UNODC estimates that opium cultivation in Afghanistan has increased by 19% during the second year of the drugs ban

November 7, 2024

The increase follows on a 95 per cent decrease in cultivation during the 2023 crop season, when the de-facto Authorities of Afghanistan enforced a ban that virtually eliminated poppy cultivation across much of the country. Despite the increase in 2024, opium poppy cultivation remains far below 2022, when an estimated 232,000 hectares were cultivated.

UNODC issues report on Drug trafficking dynamics across Iraq and the Middle East: Trends and Responses

November 6, 2024

Notes that Iraq is becoming ‘a critical juncture in the complex trafficking dynamics observed in the Near and Middle East region’, with activity related to the production and trade of the methamphetamine ‘Captagon’ being of heightened concern.

FATF re-rates South Korea on Recommendation 8 concerning the abuse of NPOs for terrorist finance

October 29, 2024

Korea is compliant on 13 Recommendations and largely compliant on 20. The country has 7 Recommendations rated partially compliant.

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