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Economic crime (transparency and enforcement) act 2022

ABSTRACT The Economic Crime (Transparency and Enforcement) Act 2022 (the Act) was fast-tracked from the time the Bill was conceived in 2022 through the UK parliament following Russia’s invasion of Ukraine. The Act received Royal Assent on 15 March 2022, though some parts of the Act are yet to come into force.  The Act aims […]

Sanctions, constructive trust and beneficial ownership: harmonised tracing laws for effective asset recovery

ABSTRACT According to Yury Fedotov, Executive Director of UNODC and Ngozi N. Okonjo-Iweala, Managing Director of the World Bank; “Developing countries lose between US$20 to US $40 billion each year through bribery, Misappropriation of funds and other corrupt practices.” In situations where individuals, organizations or nations have been defrauded, civil proceedings are reliable in recovering […]

Technical Advisor on Transnational Organized Crime

Job Title: Technical Advisor on Transnational Organized Crime Programme: GIZ Nigeria, OCWAR-T Location: Abuja Interested candidates who feel they meet the outlined requirements are encouraged to apply. How to apply: Candidates can submit their application to recruitment-nigeria@giz.de on or before 31.01.2023. Kindly indicate in the subject line of the email application as “Technical Advisor on […]

Prosecuting politically exposed persons in Africa

The term politically exposed persons (PEPs) originated in the Swiss banking community and has been relevant within this sphere for several decades due to the high profile of many Swiss banking clients. Although there is no generally accepted definition of the term, varying attempts have been made to define PEPs in the context of the […]

Cyber-enabled crime: the new frontier of global money laundering

ABSTRACT Cyber-enabled crimes have been defined as traditional crimes, which can be increased in their scale or reach by use of computers, computer networks, or other forms of information communications technology (ICT). Two of the most widely published instances of cyber-enabled crime relate to fraud and theft.  Cyber-enabled financial crime is a smaller subset of […]

Mobile money tax introduction in Cameroon (undoing the gains made from financial inclusion)

ABSTRACT Mobile money has seen speedy growth since its emergence, becoming the formal financial service of choice for many in developing countries enabling completely cashless transactions across entire market segments. Its success has attracted the attention of tax authorities seeking to broaden their revenue base. The resulting taxes, especially mobile money transaction taxes, are controversial […]

Programme Coordinator, People Smuggling, Transnational Crime and Technology

Duty Station : Bangkok, Thailand Classification: Consultancy, Full Time (37.5 hours per week) Type of Appointment : Consultant Contract (12 months) Desired Start Date : As soon as possible Closing Date : November 28, 2022 Reference Code : CFA055/2022 Established in 1951, IOM is the leading inter-governmental organization in the field of migration and works […]

Diamond laundering in Sierra Leone ‘SL’

Abstract Diamonds trade is subject to considerable money laundering and terrorist financing vulnerabilities and risks. NGOs like Global Witness, and governments around the world revealed a relationship between the illicit trade in diamonds, civil conflicts, and terrorist organizations. Diamonds are difficult to trace, anonymity can therefore be achieved in its transactions. Introduction Diamond laundering involves […]