When governments raise tariffs, the stated objective is usually economic: to protect domestic industries, rebalance trade or exert geopolitical pressure. Yet tariffs also carry a quieter and less examined consequence. By distorting prices and redirecting global supply ... Read More →
FATF Unveils Alarming Complexities in Proliferation Financing and Sanctions Evasion
In a stark reminder of the rapidly evolving financial crime landscape, the Financial Action Task Force (FATF) has released its latest report on 20 June 2025: Complex Proliferation Financing and Sanctions Evasion Schemes. The document delivers a sobering assessment of ... Read More →
ACIP releases best practice paper on SOW due diligence
SINGAPORE — The AML/CFT Industry Partnership (ACIP) has released a comprehensive guidance paper titled “Best Practices on Source of Wealth Due Diligence”, representing a significant industry milestone in strengthening the capacity of financial institutions (FIs) to ... Read More →
Effective Suspicious Activity Reporting by Wolfsburg Group
The Wolfsberg Group's statement on effective monitoring of suspicious activity highlights the evolving strategies financial institutions (FIs) should adopt to combat financial crime was released on 1st July 2024. The statement underscores the importance of transitioning ... Read More →
