Treasury Sanctions Major Caribbean Narcotics Trafficking Network
OFAC Action Highlights the Financial Crime Risks Linked to Cocaine Transhipment Routes On 22 January 2026, the Office of Foreign Assets Control OFAC announced the designation of five Costa Rican nationals and five Costa Rica-based entities for their involvement in large-scale narcotics trafficking and money laundering. The action targets one of the most significant cocaine trafficking networks operating in the […]
The Wolfsberg Group and Its Role in Managing Financial Crime Risk
How Industry-Led Standards Shape Global Financial Crime Controls The Wolfsberg Group plays a central role in strengthening how financial institutions manage money laundering, terrorist financing, sanctions, and broader financial crime risks. Unlike regulators or standard setters, the Wolfsberg Group is an industry-led body made up of leading global banks that collaborate to raise standards across […]
