World Money Laundering Report

After about ten years as part of PleaseBeInformed.com, World Money Laundering Report is packing up and moving out.

We hear a lot about human trafficking and, in particular, sex trafficking. We hear about the women found dead or dying with needles in their arms, often beaten, regularly diseased and we are rightly appalled. But this is the neatly packaged, western, developed country, even sanitised end of the trade.

There is worse, much worse....

World Money Laundering Report is proud to be Official Media for The Financial Crime Forum.

There are those that think that Politically Exposed Persons are only those currently in office. That is a silly view because a) once a PEP, always a PEP. And once proceeds, always proceeds. And proceeds taint everything they touch. If you've been taught something different, then get some proper training. Here's a spam that proves why.

This is article 4 in a series of 4. Read :
Part 1: here
Part 2: here
Part 3: here
Further Reading: here

This is article 3 in a series. Read :
Part 1: here
Part 2: here
Further Reading: here

Yesterday we looked at how we got where we are. Today we look at how we deal with where we are as money from the cultivation and trade in marijuana becomes legal in Thailand.

The article Thailand, Weed and Banking contains a number of references.

They are listed on this page.

The decision by Thailand to permit, indeed encourage, the cultivation and use of cannabis (within constraints) puts it at odds with all of its neighbours and all other members of ASEAN. And it raises serious concerns for banks, et al.

This week, Nigerian President Muhammadu Buhari has signed three Bills, bring them into law. Bucking the global trend to try to incorporate multiple aspects of financial crime law into a single piece of legislation, the new Acts are the Money Laundering (Prevention and Prohibition) Act, 2022, the Terrorism (Prevention and Prohibition) Act, 2022, and the Proceeds of Crime (Recovery and Management) Act, 2022. But the word of the day is "irony."

Those with long memories will remember the well-worn name of Andre Coker. It's been used in a variety of spam-scams but, at least insofar as it's reached us, been unused for some time. But it's back and Andre is a woman now.

Luke Raven provides an accessible and clearly set out explanation of the issues surrounding the imposition and effect of financial sanctions.