Posted in Financial Crime

Modern Slavery and the nexus to Illegal Unreported & Unregulated Fishing (IUUF) by Steve Farrer

Fishing is one of the major industries around the world, employing hundreds of thousands, and as a key source of protein for over 3 billion people; even a small level of IUU fishing can generate billions of dollars in illicit profits.

With an estimated 90% of the world’s fisheries classified as fully exploited or overexploited, legal and sustainable fishing operations are critical to maintain the integrity of global fishery resources.

It is estimated that illegal and unreported fishing represents approximately 14 to 33 percent of the global marine capture value , equating to an estimated US$15.5 billion to US$36.4 billion annually, making IUU Fishing one of the top 10 crimes by proceeds across the globe, and a significant contributor to “Green” or “Environmental Crimes.”

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Posted in Financial Crime Premium

Global Threat Assessment – By John Cusack – Available Now to Read / Download - Premium

Global Threat Assessment

by John Cusack
Despite the limitations presented in estimating criminal activity designed to be hidden, the results in the Global Threat Assessment present a bleak picture. 

Criminal markets are generating more illicit funds than at any other time in our history, with...

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Posted in AHT Premium

Human Trafficking – Intelligence Briefing by FCN – Coming Soon - Premium

Human Trafficking is a form of modern-day slavery where people profit from the control and exploitation of others. Many victims of human trafficking are forced to work in prostitution or the sex industry, but trafficking also occurs in forms of labour exploitation, such as domestic servitude, r...

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Posted in AHT IUU Fishing

Intelligence Briefing – Illegal Unregulated & Unreported Fishing by FCN

Illegal Fishing represents one of the largest markets open to and exploited by organised criminal groups, but beyond overfishing and the environmental challenges this brings, other serious crimes are also involved, including drugs and human trafficking, corruption and tax evasion, particularly effecting developing Countries. its time Illegal fishing was considered as a major financial crime issue as well as an environmental one. For more read the Intelligence Briefing on IUU Fishing by FCN. 

To Read the Intelligence Briefing IB – Illegal Wildlife Trafficking – Final 9-9-19.

Fishing Facts

With fish and other aquatic animals an important part of many peoples diet, it’s estimated by the Food and Agriculture Organization (FAO) of the United Nations, that we catch approximately 171 million metric tons (likely more than 2 trillion fish) annually (2016) worth an estimated USD362 billion.

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Posted in Financial Crime

Islamic State – Threat Assessment

The following is a short summary of the finances of the Islamic State (IS), as taken from a detailed Intelligence Briefing available to FCN Premium Professionals. The 30 Page Intelligence Briefing, details how IS is thought to have raised, moved and stores its reserves to support its terrorist activities and its future plans, a full Threat Assessment, what Financial Crime Fighters can do to help and potential Red Flags and or Key Risk Indicators. See Here For the full Intelligence Briefing.

The threat from the Islamic State (“IS”) remains high, and will continue into the near future, despite the losses on the battlefield both in terms of men and territory. In particular Western Europe, North America, South East Asia, and large parts of Africa are on the highest form of alert with attacks not only expected, but considered highly likely. 

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Posted in Financial Crime Premium TF

Islamic State of Iraq & Syria (ISIS/Daesh) – Intelligence Briefing by FCN - Premium

The following is a summary of the rise and fall of the Islamic State (IS), focussing on their finances, including the substantial reserves they still hold which makes them the richest terrorist group in the world. This is taken from a detailed Intelligence Briefing available for FCN Premium Professi...

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Posted in IUU Fishing Premium

Intelligence Briefing – Illegal Unregulated and Unreported Fishing by FCN - Premium

The following is a short summary on Illegal, Unregulated and Unreported (IUU) Fishing, and is taken from a detailed Intelligence Briefing available with Premium FCN Professionals Membership.

The 20 Page Intelligence Briefing, details how big the trade is, how the Trade works, who ks involved a curr...

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Posted in Human Trafficking

Traffik Analysis Hub – Interview with Neil Giles

Human Trafficking is a global problem, effecting the lives of millions of people. Traffickers deceive women, men and children from all corners of the world and force them into exploitative situations every day. Whilst the best known form of human trafficking is for the purpose of sexual exploitation, hundreds of thousands of victims are trafficked for the purposes of forced labour, domestic servitude, child begging or the removal of their organs.

In this interview, Neil Giles explains to Financial Crime News, why as programme manager of the Traffik Analysis Hub it has the potential to be a real game-changer in the fight against modern slavery and how information sharing, technology and collaboration are at the heart of this initiative.

FCN: How big is the problem of Human Trafficking? 

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Posted in AHT Financial Crime

Financial Access is Essential for Modern Slavery Survivors by Commissioner Barry Koch

From the Financial Sector Commission on Modern Slavery and Human Trafficking / the Liechtenstein Initiative by Barry Koch

The staggering estimates that 40 million people are trapped in modern slavery and that forced labor generates $150 billion dollars a year in illicit funds have raised global alarm. It comes as no surprise to those combatting financial crime that thefinancial community intersects with these forms of exploitation in a variety of ways, from unwittingly laundering funds generated by these practices to investment in businesses that have labor trafficking embedded in their supply chains.

The Financial Sector Commission on Modern Slavery and Human Trafficking, known as the Liechtenstein Initiative, is working to put the financial sector at the heart of efforts to identify, target and disrupt these crimes and their root causes.

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Posted in Financial Crime Money Laundering

Modern Organised Crime turns 100

Whilst the term “organised crime” appears to have emerged in Chicago in 1919, the phenomenon of organised criminal activity far pre-dates this and its manifestations have developed considerably since that time. Examples include “thugs” or gangs of criminals, who terrorised 13th century India moving from town to town, looting and pillaging and “piracy” on the high seas, and highwaymen and banditry to the pre-industrial world what organised crime is to modern society. Many of today’s leading organised criminal gangs also have long histories, many tracing their origins back to feudal times, retaining links and codes from a bygone era whilst at the same time modernising and expanding their operations far beyond their traditional roots from their homelands across the world.

Whilst prohibition on alcohol in the US was presented as a victory for public morals and health, it was to prove a temporary measure being repealed in 1933.

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