Global Financial Crime Review

Global Financial Crime Review, March – May 2021

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In 2013, the Financial Action Task Force (FATF) significantly changed its methods for assessing anti-money laundering/counter-terrorist financing (AML/CTF) regimes. Countries are now deemed compliant with the FATF Recommendations when they fulfill the technical requirements and their AML/CTF regime effectively produces the expected results of...
Global Financial Crime Review, World Digest

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Whilst South Africa is being assessed against the Financial Action Task Force’s (FATF) 40 Recommendations for effectiveness in its anti-money laundering (AML) and counter-terrorist financing (CTF) regimes, it is important to recognize the role of designated non-financial businesses and professions (DNFBPs). As per the Financial...
Caribbean Catch-Up, Global Financial Crime Review, June - August 2020

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On January 22 and 23, 2020, the Central Bank of the Bahamas hosted an inaugural global research conference focusing on empirical approaches to anti-money laundering (AML) and financial crime prevention. This conference’s creation was supported by the Caribbean Development Bank, the Inter-American Development Bank...
ACAMS Today Europe, Global Financial Crime Review, May 2020 - June 2020

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Although anti-money laundering (AML) investigations are ever evolving, one major source of illegal profit internationally remains largely underreported—wildlife trafficking. Wildlife trafficking is a major illegal trade1 and an environmental crime that is estimated to generate between seven billion US dollars and 23 billion US dollars...