All posts tagged "drug trafficking"
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131AML / KYCAFP Wins First Asset Confiscation Case Under Operation Ironside
A$6mn in cash obtained as a result of the forfeiture order will be redistributed to support crime prevention, law enforcement and related community initiatives.
October 1, 2021 -
389AML / KYCAPG Releases 2021 Typologies Report, Case Studies
The report includes information on the risks associated with proliferation financing, Covid-19, cryptocurrencies, shell companies, and real estate.
August 26, 2021 -
483AML / KYCNew FATF Report Sounds Alarm Over Environmental Crime
The report highlights the use of trade-based fraud and shell companies by criminals to launder proceeds from environmental crime.
June 29, 2021 -
212AML / KYCAFP, AUSTRAC Probe Payments via Adult Content Site – Report
Banks and regulators are unable to establish who receives the payments via UK-based platform OnlyFans, which acts as an intermediary for content makers.
May 28, 2021 -
4.2KAML / KYCUK Establishes New Global Anti-Corruption Sanctions Regime
The UK has made its first 22 designations under the new regime, including individuals in Russia, South Africa, Honduras, Nicaragua, Guatemala and South Sudan.
April 28, 2021 -
676AML / KYCBSP Highlights AML Risks of Cash, Cross-Border Payments
Suspected criminal proceeds mostly came from Australia, Germany, Singapore, the UK and the US. The top destinations of suspected illicit funds were Hong Kong, Singapore and the US.
January 25, 2021 -
1.2KAML / KYCAML Controls Are Ineffective at Stopping Crime, Says Policy Expert
Policy effectiveness expert Dr Ronald F Pol says the current anti-money laundering system only results in 0.1% of the proceeds of crime actually being seized.
March 3, 2020
