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FIA releases 2020 Money Laundering Trends and Typologies Report

The Financial Intelligence Authority (FIA) has released Money Laundering Trends and Typologies Report for the financial year 2019/2020.

The report illustrates a number of areas that include new and emerging trends used by criminals to gain illicit proceeds. The new and emerging trends include Money or Value Transfer Services among others. In addition to this developing trend, others include International Funds Transfers disguised as insurance premiums for falsified loans; use of Prepaid Express Card; use of improved payment methods such as Prepaid Cards and Mobile Money; and use of fake documents. You can access the report by clicking here.....