On 30 November, FATF published this report, saying that organised crime groups are fuelling a synthetic opioid crisis that has contributed to hundreds of thousands of drug overdose deaths in the past decade.  This report looks at the way proceeds are laundered from synthetic opioids trafficking.  Organised crime groups use a range of methods including bulk cash smuggling, cash couriers, trade-based money laundering and virtual assets (crypto), as well as shell companies and the services of professional money launderers.  The report includes relevant risk indicators that will help identify potential trafficking of illicit synthetic opioids.  


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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