5th Anti-Money Laundering Directive (Amendments to the 4th Anti-Money Laundering Directive)
The 5th Anti-Money Laundering Directive, which amends the 4th Anti-Money Laundering Directive was published in the Official Journal of the European Union on 19 June 2018. The Member States should have been transposed this Directive by 10 January 2020.
These amendments introduce substantial improvement to better equip the Union to prevent the financial system from being used for money laundering and for funding terrorist activities.
These amendments will:
– enhance transparency by setting up publicly available registers for companies, trusts and other legal arrangements;
– enhance the powers of EU Financial Intelligence Units, and provide them with access to broad information for the carrying out of their tasks;
– limit the anonymity related to virtual currencies and wallet providers, but also for pre-paid cards;
– broaden the criteria for the assessment of high-risk third countries and improve the safeguards for financial transactions to and from such countries;
– set up central bank account registries or retrieval systems in all Member States;
– improve the cooperation and enhance of information between anti-money laundering supervisors between them and between them and prudential supervisors and the European Central Bank.
Here you can find the factsheet on the main changes of the 5th Anti-Money Laundering Directive
What human trafficking is…and isn’t?
Human trafficking is the business of stealing freedom for profit. In some cases, traffickers trick, defraud or physically force victims into providing commercial sex. In others, victims are lied to, assaulted, threatened or manipulated into working under inhumane, illegal or otherwise unacceptable conditions. It is a multi-billion dollar criminal industry that denies freedom to 24.9 million people around the world.
Globally, there are two general categories of human trafficking: sex trafficking and labor trafficking. Sex trafficking is the crime of using force, fraud or coercion to induce another individual to perform commercial sex. Common types include escort services, pornography, illicit massage businesses, brothels, outdoor solicitation. Labor trafficking is the crime of using force, fraud or coercion to induce another individual to work or provide service. Common types include agriculture, domestic work, restaurants, cleaning services, and carnivals.
Polaris project it is an American nonprofit organization that stands on global fight to eradicate modern slavery, focused mainly on US cases.
What’s the difference between smuggling and human trafficking? They both involve the movement of people, but there are three crucial differences
Smuggling or trafficking?
There are three crucial differences: location, consent and exploitation.
– Smuggling crosses international borders.
– Trafficking can happen across international borders, or within one country. It can involve movement between cities, towns, rural locations, or even from one street to the next.
– Smuggling is a service a person asks for. It might be dangerous, but that person chooses to take on the journey.
– Trafficking involves either forcing a person to travel, or deceiving a person into taking on a journey under false promises of jobs, payment or safety at the end of that journey
– Smuggling is limited to one financial transaction in exchange for illegal entry to a country. Once the payment and border crossing is complete, the exchange ends, and the person is free to make other choices.
– Trafficking uses threat, force, coercion or deception against a person for the purpose of exploitation. A trafficked person can be exploited at the final destination and/or during the journey.
More info on: www.stopthetraffik.org/smuggling-trafficking-knowing-differences/
By Land, Sea or Catapult: How Smugglers Get Drugs Across the Border
The majority of illegal drugs enter the United States in an assortment of vehicles, with drugs hidden in secret compartments in door panels or the roof, gas tanks, tires and even engines.
Smugglers also dig cross-border tunnels, primarily to move large volumes of marijuana. While many tunnels are rudimentary, others have lighting, tracks and ventilation systems, even elevators. As of March 2016, a total of 224 tunnels were discovered on the Southwest border since 1990.
Cargo trains, tractor-trailers and passenger buses have been used to move illegal drugs. Trucks and trains carrying fresh produce such as watermelons, limes and other fruits and vegetables have been used to bring in narcotics. Drug shipments are often painted green and hidden within crates with fake watermelons or limes. Cocaine has been found in tomato crates.
More in NY Times article
Another method used by smugglers: Coast Guard Intercepting Submarine Carrying $181 Million In Drugs
The Coast Guard Cutter Stratton crew seizes bales from a self-propelled semi-submersible submarine interdicted in international waters off the coast of Central America, July 19, 2015. The Coast Guard recovered more than 6 tons of drugs from the 40-foot vessel.
Banking On Bitcoin
Prin interviuri cu utilizatori entuziaști și experți, acest documentar prezintă modul în care a apărut moneda virtuală bitcoin, viitorul său și tehnologia care o susține.
Human Trafficking: It Happens Here
Although slavery is commonly thought to be a thing of the past, human trafficking still exists today at the global level. Human trafficking is a form of modern slavery where people profit from the control and exploitation of others. There are an estimated 21 million men, women, and children who are victims of labor and sex trafficking worldwide.
FinCEN Issues Advisory on the Iranian Regime’s Illicit and Malign Activities and Attempts to Exploit the Financial System
Release: October 11, 2018
The Financial Crimes Enforcement Network (FinCEN) issued an advisory to help financial institutions better detect and report potentially illicit transactions related to the Islamic Republic of Iran.
“This advisory lays out in great detail the extent to which the Iranian regime uses deceptive practices, including front companies, fraudulent documents, exchange houses, seemingly legitimate businesses and government officials, to generate illicit revenues and finance their malign activities. Iran’s deceptive practices have been orchestrated not only by elements of their government such as the IRGC-Qods Force, but also by Central Bank of Iran officials who were at the highest levels. Any country that allows its Central Bank to be involved in deception in support of terrorism requires the highest levels of scrutiny, particularly when the country itself is the world’s largest state sponsor of terrorism,” said Sigal Mandelker, Under Secretary of the Treasury for Terrorism and Financial Intelligence.
“Governments, financial institutions of all types around the world, and other companies need to be on high alert to the types of schemes described in this advisory. More than that, as we expect Iran to continue to attempt to engage in wide scale sanctions evasion while simultaneously using its resources to fund a broad array of malign activity, financial institutions should continue to sophisticate their compliance programs to keep these actors from exploiting them.”
For example, the Iranian regime has masked illicit transactions using senior officials of the CBI, who used their official capacity to procure hard currency and conduct transactions for the benefit of the Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF) and its terrorist proxy group, Lebanese Hizballah. Accordingly, financial institutions are advised to exercise appropriate due diligence when dealing with transactions involving exchange houses that may have exposure to the Iranian regime and/or designated Iranian persons, and the advisory details examples of exchange house-related schemes. Iran-related actors use front and shell companies around the world in procurement networks through which the Iranian regime has gained goods and services related to currency counterfeiting, dual-use equipment, and the commercial aviation industry.
The advisory further warns financial institutions to be on the lookout for possible evasive practices involving Iranian shipping companies. Financial institutions should also be aware of possible Iranian abuses of virtual currency and precious metals to evade sanctions and gain access to the international financial system and to conceal their nefarious actions.
www.fincen.gov/ news release
www.fincen.gov Full Advisory in pdf format
A movie about one of the biggest problems today – modern slavery and sex trafficking. A female agent gets deep into a world-wide slave trafficking ring to catch the head of the organization and break this criminal chain.
“Hundreds of thousands of young women have vanished from their everyday lives-forced by violence into a hellish existence of brutality and prostitution. They’re a profitable commodity in the multi-billion-dollar industry of modern slavery. The underworld calls them human traffic”.
This 2018 edition of the annual TESAT report issued by EUROPOL provides an overview of the nature and volume of terrorism that the EU faced in 2017.
“The human suffering and the threat of terrorist attacks still remains high in Europe. In 2017 European countries were again hit by terrorist attacks and there were many innocent victims of this indiscriminate violence. It therefore goes without saying that combatting terrorism remains a top priority for Europol.”
Traficul de fiinţe umane este exploatarea altei persoane sau muncii acesteia prin înşelăciune, constrîngere, deseori în medii necunoscute persoanei exploatate. Traficanţii se bazează pe o varietate largă de metode, deseori profitînd de oameni aflaţi în poziţie vulnerabilă, cum ar fi migranţii ilegali.
Se observă o tendinţă de creştere a victimelor care acceptă locuri de muncă cu risc ridicat (chelneri, dansatori, prostituţie, gazdă, etc.). Principalul motiv fiind disperarea cauzată de sărăcie, şomaj, salarii joase, iar uneori şi trauma psihologică urmare a violenţei în familie, inclusiv a abuzului fizic şi psihologic, incest şi viol.
Câteva istorii ale traficului de ființe umane:
– Viorica Ursa, traficant condamnat la 10 ani închisoare. Ea descrie visurile pe care ea le-a avut și care împreună cu fetele pe care le-a traficat au ajuns la o soartă tristă.
– o istorie a traficului de fiinte umane din România in Franța.