Posted in Financial Crime

Global Threat Assessment – by John Cusack – Extract: Introduction, Observations & Recommendations

No-one can dispute the existence of large criminal markets generating huge profits for those involved, but which Criminal markets are the largest, which are the fastest growing and which markets are emerging?

Which Countries generate the most in Criminal proceeds and which Countries are likeliest to launder most, from domestic and foreign financial crime proceeds.

Which money laundering methods are the most popular, and which groups benefit the most?

In this Report, estimates are provided to answer all of these questions and more

To Read the Preface to the Global Risk assessment by Sir Iain Lobban former Head UK’s GCHQ click HERE.

To read / download the full Global Threat Assessment, click HERE, and sign up for FCN Premium.

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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 eve...

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Posted in Financial Crime Premium

China – Threat Assessment - Premium

To Read / Download the China Threat Assessments see below:
FCN - China - FL

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Posted in Financial Crime Premium

Japan – Threat Assessment - Premium

Japan has exceptionally low crime rates, regularly placed in the top 10 safest Countries in the world, and with recorded crime rates falling for the last 2 decades. Nevertheless japan still faces significant financial crime related threats.

To Read / Download PDF of the Japanese Threat Assessm...

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Wildlife Trafficking
Posted in IWT

Wildlife Trafficking – Intelligence Briefing by FCN

This is an extract from the Intelligence Briefing on Illegal Wildlife Trafficking by Financial Crime News. To obtain a copy of the Briefing contact FCN directly.

Wildlife Trafficking endangers many species, with particular concern over iconic African mammals, such as the Elephant and the Rhino, but also the Pangolin, which is the most trafficked mammal of all, Gorillas, Big Cats, Reptiles, Birds (like the African Grey Parrot) and wildlife from outside Africa.

Wildlife Trafficking generates significant proceeds from Elephant, Rhino and Pangolin markets. 

The Elephant Ivory market is valued at approximately US$240 million to $720, with the Rhino market valued at between US$91 million and $698 million and for Pangolin’s the market is estimated at US$46 million annually.

Wildlife Trafficking in Elephant Ivory, Rhino Horn and Pangolin Meat and Scales is undertaken alongside other crimes, not just those to facilitate the illicit trade like corruption and forgery of documents, and the killing of rangers, and by organised criminal gangs also involved in drugs, arms, goods and human trafficking as well as in some cases links have been drawn to terrorist groups operating in Africa..

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Posted in IWT Premium

Intelligence Briefing – Illegal Wildlife Trafficking by FCN - Premium

The following is a short summary of the Illegal Wildlife Trade, focussing on some of our most iconic species that are threatened. 

The Summary is taken from a 20 Page Intelligence Briefing, which details how the Trade works, a current state threat assessment, available potential Red Flags and ...

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Posted in Financial Crime

Book Review: Poached – Inside the Dark World of Wildlife Trafficking by Rachel Love Nuwer

In “Poached” the  award winner Science journalist, Rachel Love Nuwer, investigates the international trade in illegal wildlife, detailing how demand for exotic goods such as elephant ivory, rhino horn and pangolin scales is being met through the human stories that are  endangering the survival of iconic wildlife and of those trying to fight back.  

The risk to our wildlife comes from human demand for exotic pets, jewellery, medicine, meat and trophies, which is driving a worldwide poaching epidemic. It also comes from growing human populations that put even greater pressure on land required to sustain many species.

The author travels to the front line in this struggle to hotspots in Africa, including Tanzania and South Africa, to China, Laos and Vietnam where supply and demand economics drive this trade to investigate and provide insights to better understand the dynamics involved. 

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Posted in Financial Crime

CITES Conference Closes – Japan and EU to do more on Ivory

Last week at the 18th triennial meeting of CITES members, those responsible for regulating the international wildlife trade closed the conference which mostly saw victories for animal welfare. In a previous recent Financial Crime News Post we correctly predicted Giraffes would make it onto Appendix 2 for the first time, that proposals to weaken trade restrictions on Rhino horn would be defeated and African Elephant proposals to increase trade would also be rejected. More good news came with the decision to include Mako Sharks, Giant Guitarfish and Wedgefish on Appendix 2 which will provide much needed protection. 

Another decision to be lauded limits the export of wild African elephants, so that elephants from Botswana, Zimbabwe, Namibia, and South Africa can only be exported to African countries where elephants live or used to live.

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Posted in Financial Crime

CITES Meets in Geneva – Wildlife at Risk

Governments, Trade Associations and NGO’s are meeting to talk trade and conservation with concerns around Elephant Ivory, Rhino Horn and the fate of the Mako Shark being high on the agenda at a CITES Wildlife Conference in Geneva. In all more than 50 proposals have been tabled for discussion, which include proposals submitted on not only Elephants, Rhino’s and Sharks but also on Pangolin’s, Big Cats and Giraffes. 

As concern for the future of the wildlife on our planet increases, the international body tasked with regulating trade in endangered species is once again gathered for its 18th Conference of the Parties (COP) in Geneva being held between the 17-28th August, 2019. Originally slated for May 2019 in Sri Lanka, it was switched after the Easter terrorist attacks in March that killed more than 250.

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Posted in Financial Crime

Interview with Absa’s Nic Swingler

On a recent visit to South Africa, Financial Crime News was delighted to meet with Nic Swingler Head Financial Crime Compliance at Absa Group Limited, who in an interview discussed the fight against financial crime on the African continent and in South Africa in particular. 

FCN: How did you come into your current role?

NS: I am not a Financial Crime “lifer” and this role was not really part of my early career planning!  Previously I was the COO for our Corporate & Investment Bank.  The front line experience I gained over many years as well as direct exposure to products, operations, technology platforms and data were amongst the key attributes required to enable and deliver a high quality risk management capability across Financial Crime Compliance. 

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