Tag: Money Laundering
Interview with Daniel Thelesklaf, Head MROS
In this interview with Daniel Thelesklaf, he discusses his distinguished career fighting financial crime, from having worked in the private sector, at an FIU, in supervision, development assistance, and sanctions enforcement, as well as his new role as Head of Switzerland’s Financial Intelligence Unit, MROS (the Money Laundering Reporting Office, Switzerland).
Daniel Thelesklaf Interview
FCN: Q1 – You led Liechtenstein’s FIU since 2012, until just a few months ago – what were the highlights?
DT: A short time after I took over in 2012, I became the national coordinator for the mutual evaluation process, led by the IMF and Moneyval.
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
Preface to Global Threat Assessment by Sir Iain Lobban
To read an extract of the GTA, notably the Introduction, Observations & Recommendations from the Global Threat Assessment – Click HERE.
To Read/ Download a copy of the Global Threat Assessment – Click HERE: and/or subscribe to FCN Premium Membership.
To watch the Video Summary of the main findings from the GTA click HERE.
To read what Leading Global Financial Crime Fighters think of the GTA click HERE.
Preface to GTA by Sir Iain Lobban
“I came across the following description of Intelligence recently: “Intelligence is the ability to unravel knowledge, but it is also the knowledge itself.” I might go further and say that unless intelligence is actionable, it does not deserve that label. And this is one thing that a keen reader might take away from the Global Threat Assessment-“
“This is a highly impressive compendium of information from multiple sources, harvesting a wide range of studies by reputable authorities, generating a comprehensive view of the threats and trends, of the potential scale and ingenious variety of financial crime around the world today.
Global Threat Assessment – By John Cusack – Available Now to Read / Download - Premium
You need premium membership to view this post. If you are a premium member then please login otherwise register here to access the contents.
Interview with Stewart McGlynn – Leader of HKMA’s AML Division
In this Interview with the Hong Kong Monetary Authority’s Stewart McGlynn, who leads the Regulators Anti Money Laundering Team, Financial Crime News wanted to know more about HK, the risks and threats, de risking, the recent FATF Report, follow up actions, Regtech, PPP and much more besides. The interview reveals that HK has achieved a lot but also has plans to do more, much of which is exciting and offers the prospects for increased efficiency and effectiveness in fighting financial crime.
FCN: HK is one of the largest and most respected international financial and trading centres, but what attributes do you think are necessary to build and maintain this reputation?
SM: There are several key attributes which overlap to some degree and which can be related directly to anti-money laundering work.
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.
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.
Islamic State of Iraq & Syria (ISIS/Daesh) – Intelligence Briefing by FCN - Premium
You need premium membership to view this post. If you are a premium member then please login otherwise register here to access the contents.
Securities/Markets Based Money Laundering - Premium
You need premium membership to view this post. If you are a premium member then please login otherwise register here to access the contents.
Book Review: the “Enemy of the People” by Adriaan Besson & Pieter du Tot
How did Jacob Zuma, a hero of the Apartheid struggle, a prison mate of Nelson Mandela, and the 4th President of post apartheid South Africa come to be described in this book as the “Enemy of the People.” Chapter by chapter,
Zuma is revealed, by authors; Adriaan Besson and Pieter du Tot, first when his financial adviser was convicted of soliciting bribes for his boss, to how he renovated his personal homestead from extensive state-funds that he has still not repaid, despite an order by South Africa’s highest court that he must do so, to how his friendships, particularly with the controversial Gupta family, finally brought him down.
In 2018, after 9 years as President of South Africa, Jacob Zuma was removed from office by his own party, the ANC, for supporting a form of state capture which enabled so called friends to influence government appointments and contracts, costing billions of Rand.
