Archives for Illicit financial flows

Targeting Enablers of Transnational Crime: Insights from Operation Ironside

29 Jul, 2021
Ben Scott

Operation Ironside, a global operation led by the FBI and the Australian Federal Police (AFP), came to a resolution in June 2021. Across Australia, 4,000 police executed search warrants and made arrests, capping a two-year investigation which was undoubtedly the most significant in Australian law enforcement history. Ironside struck a…

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Corporate Vehicles and the Organisation of Illicit Finances: A Criminological Perspective

16 Aug, 2018
Dr. Nicholas Lord, Liz Campbell, Karin van Wingerde

In July 2018, a joint report from the Financial Action Task Force (FATF) and the Egmont Group provided an overview of the range of techniques and mechanisms that criminals use to obscure their ownership and control of illicitly obtained assets, in particular via schemes that exploit otherwise legal arrangements and…

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Anti-Money Laundering and its Challenges

19 Aug, 2017
Inês de Sofia Oliveira

International anti-money laundering and counter-terrorism finance (AML/CTF) standards are largely governed by the Financial Action Task Force (FATF). FATF’s strength rests on its ability to demonstrate that its efforts are advancing global AML/CTF. But is FATF free from challenges to its own existence? The Financial Action Task Force, an intergovernmental…

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