On 28th January, ACFCS published an article with links to the National Strategy for Combatting Terrorist and Other Illicit Financing, National Money Laundering Risk Assessment 2018, National Terrorist Financing Risk Assessment 2018 and National Proliferation Financing Risk Assessment 2018.  Described as 4 recent reports the US government detailing the overarching strategies to counter an array of criminal threats, from narco-traffickers to rogue nation states, healthcare fraudsters to Nigerian princes and princesses, Indian “IRS” agents, to terror financiers and weapons and human traffickers.  The assessments also give a roadmap of issues investigators and regulators are prioritising, weaknesses that no doubt have strings to AML compliance and could take shape as new questions in compliance exams and upcoming regulations.

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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