Financial crime trends in 2023

Tweet Predictions for 2023 in financial crime Where is financial crime heading? Where will enforcement be focused? With financial crime costs rising for law enforcement, investigations, compliance and reporting, and the number of predicate criminal offenses and sanctions lists increasing, the ability of financial crime sector organizations and governments to respond is shrinking. 2022 changed […]

Narco subs, drug cartels and Canada – new threats on the horizon to international security

Tweet Narco subs In the last few months, an increasing number of so-called narco subs, also called drug subs, have been intercepted in international waters by law enforcement (“LE“). A narco sub is usually a self-propelled semi-submersible (“SPSS“) used by drug traffickers to transport large quantities of illegal drugs for cartels to an international market. […]

Laundering fish – new report points to China and US$23 billion IUU proceeds of crime problem

Tweet China overfishing in distant waters A new report from Future Directions International (the “Report“), based in Australia, is highlighting concerns about illicit proceeds and the fishing industry, particularly with China. The Report, available here, says that China has the largest distant water fishing fleet in the world, estimated to be over 3,000 vessels, accounting […]