Ukrainian Agency Missed Signs of Halushchenko’s Money Laundering: TI
Kyiv’s assets-declaration watchdog missed multiple red flags in the filings of former Ukrainian energy minister Herman Halushchenko, according to Transparency International Ukraine.
UK Oversight of Professional Services Falls Short on Enforcement
The UK’s current system of supervisors overseeing the anti-money-laundering (AML) programs of law firms, accountancies, and other professional bodies is failing to take “sufficiently dissuasive disciplinary measures” against those that fail to meet compliance standards, according to a new report.
Guernsey Mulls Granting More BO Access
Guernsey’s government is weighing new transparency rules that would let approved applicants access information on the beneficial owners of companies registered on the island.
Tariff Evasion and Fraud Seen Behind Record Gap in U.S.-China Trade Data
A record mismatch in official trade statistics is complicating efforts to measure how far the U.S. and China have “decoupled,” according to Bloomberg, which cited an $112-billion gap between what Beijing said it exported to the United States and what U.S. Customs and Border Protection recorded as arriving.
Russia, Belarus, and the Web of Firms Allegedly Used to Launder Ukrainian Grain
A blacklisted, former Belarusian official is working with Russia to disguise the origin of agricultural products from Ukraine’s occupied territories, according to new reporting by Ukrinform. The news agency, which is Ukraine’s only national news service and is controlled by the country’s Cabinet of Ministers, said it based its reporting on documents obtained by the Belarusian opposition group […]
Wildlife Trafficking’s Ties to Guns, Drugs and Human Smuggling
Wildlife traffickers are funneling dirty money through the same financial pipelines used for such illicit activity as human trafficking, child sexual exploitation, and the illegal sale of weapons around the world, according to new University of Waterloo research cited by CBC News.
FCA to Take Over AML Supervision for UK Professional Bodies
The Financial Conduct Authority (FCA) will serve as the sole anti-money laundering (AML) and counterterrorist-financing (CTF) supervisor for the UK’s legal, accountancy and trust and company service provider sectors.
Sanctioned Shadow Fleet Ships Linked to Assad Corruption and Looted Ukrainian Grain
Three cargo vessels recently sanctioned by the EU for operating in Russia’s “shadow fleet” were quietly sold out of Syria’s state fleet in 2023 for $1 each to an offshore company in the Seychelles, according to new reporting by OCCRP and its Syrian partner SIRAJ.