SURPRISE SURPRISE, the financial system provides the first alleged crime in outer space. Captain kirk, “eat your heart out”!!! Some background There are five national or international space agencies involved in the ISS – from the US, Canada, Japan, Russia and several European countries – and a legal framework sets out that national law applies […]

They cover the latest developments with: the impounded Iranian oil tanker the Adrian Darya-1, HMRC’s largest-ever money laundering fine and the trailer of the Laundromat film. In the deep dive, Matthew Redhead tells us about his forthcoming paper on the effectiveness of the AML regime and what can be done to make it more effective. […]

The Suspicious Transaction Report is a new fortnightly podcast from the Centre for Financial Crime and Security Studies at RUSI. https://rusi.org/expertise/research/centre-financial-crime-and-security-studies The podcast offers ‘behind-the-scenes’ insights and practical advice on how to implement the latest financial crime research in the real world. In this preview episode of the ‘Suspicious Transaction Report’ podcast, Isabella Chase talks […]

INTRODUCTION The acclamation and social status that are linked to a winning team combined with the investment in clubs with little apparent expectation of a financial return have made the industry attractive to some criminals. The European Commission (Commission)  recognises that sport can be attractive to criminals in order to launder funds due to the […]

The UK Time newspaper has reported today (11/01/2019) that the National Crime Agency said yesterday. a record number of suspected dirty money cases were reported last year as awareness of Britain’s role in high-end financial crime grows, The number of suspicious activity reports rose by about 10 per cent to 463,938 during 2017-18, with a […]

The following was posted by the Netherlands Public Prosecution Service on 4 September 2018 ING Bank N.V. (ING) in Amsterdam has accepted and paid a settlement of EUR 775,000,000 offered by the Netherlands Public Prosecution Service (Openbaar Ministerie, hereinafter referred to as NPPS). The NPPS has accused ING in the Netherlands of having violated the […]

Financial crime in developing countries, particularly Africa, is on the rise, undermining gains in economic growth and negatively affecting development. 1. This is particularly worrying on a continent whose countries are among the most resource-rich worldwide, but whose people are among the poorest. 2. Quantifying the cost of financial crime in Africa is difficult, and […]

South Africa’s regulator, the Financial Intelligence Centre (“FIC”), oversees receipt and analysis of financial intelligence as well as its dissemination. FIC recently released a booklet that provides “insight on some of the methods criminals use to abuse the financial system.” The booklet provides nine different case studies, including one about rhinoceros poaching. The FIC Act […]