The Panama Canal Authority deputy administrator Ilya Espino de Marotta says the rainy season (which will shortly start) should allow tonnage levels to return to normal, and expects the Canal to be operating at normal capacity by September.
15 MARCH 2024
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On 2 March, a Discussion Paper from the United Nations University Centre for Policy Research (UNU-CPR), a think-tank within the UN, examines the potential of location risk-based transaction monitoring for financial flows from human trafficking and exploitation, as well as related money laundering activities. It presents different approaches that use crime-specific high-risk locations as red flags for the detection of relevant activities. They include the application of customised high-risk country lists and the increased monitoring of transaction channels between typical source countries and destination countries of trafficked individuals. In it, what is termed a ‘location-centred approach’ – can substantially increase the accuracy of indications for human trafficking and exploitative crimes.
https://collections.unu.edu/eserv/UNU:9481/tackling_illicit_financial_flows.pdf
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On 15 March, the Gibraltar Chronicle reported that the EU had removed Gibraltar from its list of high-risk countries with “strategic deficiencies” in mechanisms to counter money laundering and terrorist financing. It also removed Barbados, Uganda, Panama, and UAE from the EU list, in line with FATF decisions.
https://data.consilium.europa.eu/doc/document/ST-7791-2024-INIT/en/pdf
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On 15 March, OFAC advised that it is acting against Marshall Islands-registered shipping company Vishnu Inc, whose vessel, the LADY SOFIA, is involved in illicit shipments to the People’s Republic of China (PRC) in support of Iran’s Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF) and Houthi financial facilitator Sa’id al-Jamal, who is sanctioned under US counterterrorism authorities.
https://ofac.treasury.gov/recent-actions/20240315
https://home.treasury.gov/news/press-releases/jy2185
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