AML-FT: threat status

Summary:

Tracfin has published its 2022 annual report, focusing on the state of the money laundering and terrorist financing (ML/TF) threat. The report provides a tool for 200,000 declarants to better understand alert criteria and risk analysis, as well as feedback on the exploitation of their suspicious activity reports. The report highlights the increasing use of crypto-assets for ML/TF purposes, including attacks through ransomware and fraudulent activities via non-fungible tokens (NFTs).

The report also presents an abridged version of the key circuits for money laundering and terrorist financing observed by Tracfin in 2022, including emerging trends and recurrent patterns. The publication aims to improve understanding of the ML/TF threats among all stakeholders, including authorities, administrations, and professionals.

Key points:

Tracfin received over 162,000 suspicious activity reports in 2022, leading to investigations and the identification of new ML/TF trends.
The report presents a new approach to Tracfin's relation with declarants, enabling them to better understand and grasp the context of ML/TF.
* A typology is a methodology to define and study patterns of behaviors for easier analysis, allowing for a better understanding of complex realities.

Download the full report (LCB-FT : u00c9tat de la menace) to learn more.