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Latest TBML News
DOJ Intensifies Trade Fraud Crackdown with New Enforcement Unit
Summary The US Department of Justice has created a new Market, Government, and Consumer Fraud Unit (MGCF) by merging its Criminal and Civil Division resources
Singapore’s $27M Money Laundering Penalties Expose Critical Failures in Banking Safeguards
Summary The Monetary Authority of Singapore (MAS) has levied SGD 27.4 million in civil penalties against nine financial institutions, including major banks Credit Suisse, UOB
US Treasury Sanctions Three Major Mexican Banks in Landmark Cartel Money Laundering Crackdown
Summary The US Treasury Department has imposed sanctions on three prominent Mexican financial institutions – CIBanco, Intercam Banco, and Vector Casa de Bolsa – for
The 0.01% Problem: When 43 Million Crime Reports Vanish Into Regulatory Silence
Of 43 million suspicious activity reports filed by banks in 2023, exactly 0.01% resulted in criminal convictions—exposing a compliance system that functions more as security
FinCEN Analysis: TBML Networks Drive Fentanyl Finance
Summary Trade-based money laundering schemes accounted for just 2% of fentanyl-related suspicious activity reports in 2024, yet represented 42% of the aggregate $1.4 billion in
San Diego’s Human Trafficking Crisis: A Major US Trafficking Hub Exposed
Summary FBI data reveals San Diego as one of just 13 major human trafficking hotspots in the United States, highlighting the region’s critical role in
UK Customs Reveals New Strategy to Combat Multi-Billion Dollar Trade-Based Money Laundering Crisis
Summary HMRC has established a dedicated TBML Threats Team and launched major international initiatives to combat trade-based money laundering, including a global summit attended by
Australia Launches Specialist Police Unit to Combat Trade-Based Money Laundering
Summary Australia has established a new specialist police unit to tackle trade-based money laundering and illicit money flows, particularly targeting criminal syndicates exploiting the financial
US Treasury Alerts Banks to Rising Trade-Based Money Laundering Threats
Summary The US Treasury’s Financial Crimes Enforcement Network (FinCEN) has issued a formal alert warning financial institutions about the growing sophistication of trade-based money laundering
FATF Report on Trade-Based Money Laundering Trends and Developments
Summary This FATF analysis highlights how criminal organizations increasingly exploit international trade systems to move and launder illicit funds. The report outlines emerging typologies and