International Maritime Bureau (IMB) keep focusing on Gulf of Guinea as a high-risk area for piracy, after summarizing the latest incidents this year. Although a historic Nigeria meet was held last month to tackle piracy in the area.

This crucial and historic maritime security conference in Abuja, Nigeria has paved the way for greater cooperation between the various stakeholders, according to the latest issue of the ICC newsletter.

The latest ICC Newsletter Commercial Crime International also includes the following:

FRAUD
FraudNet’s inaugural Beirut meeting sees the appointment of two new co-executive directors.

Eighteen members of an international fraud network have been charged.

BRIBERY & CORRUPTION
Europe’s Council of Ministers has adopted new rules on whistleblowers’ protection.

OFFSHORE JURISDICTIONS
Companies using offshore tax jurisdictions must assess if their strategies can be branded unethical, as well as illegal, causing them reputational as well as financial damage.

MONEY LAUNDERING
Monitoring of transactions and suspicious transactions reporting in the EU are still areas of concern.

Singapore: a new service is helping banks boost compliance checks.

CYBERCRIME
The Financial Industry Regulatory Authority has issued an alert about cloud-based e-mail account takeovers.

Cybercrime is shifting to larger targets and new technologies.

The Bank of England has published the findings of the financial sector cyber simulation exercise.

The Swedish Club members can access the ICC newsletter November 2019 through the SCOL website » (The Swedish Club Online member area).

Member Alert is published by The Swedish Club as a service to members. While the information is believed correct, the Club cannot assume responsibility for completeness or accuracy.