Kharon’s Post

🚨 Stay Ahead of Illicit Drug Trends! 🚨 Check out this new blog where Nancy Otto discusses features that are critical for #police and #lawenforcement to have access to when using analytical equipment in the field. #raman #presumptiveid #druganalysis #ramanspectroscopy https://lnkd.in/ga9AxZ7c

In October 2023, the U.S. Department of Treasury’s Office of Foreign Asset Control enacted multiple #sanctions targeting the supply chain of fentanyl and other #illicit drugs. Michael Tumsaroch dives into the new sanction’s implications and the innovative steps #financialinstitutions can take to both combat the #fentanylcrisis and mitigate their #risk of being used as a vessel to launder illicit narcotics proceeds. To continue reading ➡️ https://lnkd.in/dkKFKMTq #compliance #monitoring #duedilligence #riskmanagement

A quick reminder from my friend and colleague Michael Tumsaroch about what you can can to to safeguard your institutions from the laundering of illicit narcotics as new individuals and organizations are sanctioned.  #guidepost #compliance #compliancesolutions #laundering #sanctions #sanctionscompliance

Please let me know if you'd like to discuss how we can help your #financialinstitution mitigate #moneylaundering risks of today and tomorrow. #sanctionscompliance #sanctionsscreening #OFAC #tradefinance #globaltrade #globaltradefinance #BSA #amlcompliance #cryptocurrency

Every day, large amounts of dangerous and illicit materials move through mail processing facilities undetected. These materials range from vengeful letter bombs to black-market fentanyl and other drugs. With millions of parcels transported daily, only a small fraction of them is examined for illicit materials. One of our goals it to help make detecting these threats easier to protect communities and employees alike. Learn more about why one of our key markets of focus is mail processing facilities and how our drug detection wipes are being used to there: https://lnkd.in/enZdFM6c

Find out how SARs intelligence led to the arrest of suspects involved in the illegal drug supply chain. This case study is featured in SARs in Action issue 27 - available now via the link below❗ https://bit.ly/3XfGSk4

The April 2024 Congressional Investigation Report of the Chinese Communist Party's ( CCP's) Role in the Fentanyl Crisis. The committee did a thorough job of investigating the CCP's role and it's detailed and incriminating. Although it's no surprise to those of us who worked with the PRC on drug enforcement, they are complicit with drug traffickers and money launderers, and they subsidize the companies that sell chemical precursors to the Mexican drug cartels. They thwart U.S. law enforcement investigations and benefit from $billions in laundered drug proceeds. It's beyond the smoking gun! PRC dictator for life, Hsi Jinping promised President Biden better cooperation last November--it hasn't happened. We're on track to lose over 100,000 Americans again in 2024. Why isn't the Administration putting pressure on China and Mexico? https://lnkd.in/eDKK8mkr

Yesterday, I had the privilege of addressing the American Bankers Association’s (ABA) Bank Secrecy Act (BSA) Committee on one of the most pressing threats to our national security: the fentanyl crisis. The Sinaloa and CJNG cartels, in collaboration with Chinese transnational criminal organizations (TCOs), are flooding our communities with deadly drugs by leveraging illicit networks to obtain precursor chemicals and launder billions in drug profits. The fentanyl crisis is built upon the foundation of chemicals and money. This threat is real, and it’s devastating families across the country. Our goal at the DEA is simple: save lives. But we can’t do it alone. That’s why the partnership between the DEA and the banking community is so crucial. Financial institutions are on the front lines, playing a pivotal role in disrupting the flow of illicit money that fuels these cartels. Together, through collaboration, information sharing, and relentless vigilance, we can strike at the financial heart of these criminal organizations and protect our communities from the devastation of fentanyl. A heartfelt thank you to Heather Trew for the invitation to speak and for her leadership in fostering these critical public-private partnerships. It’s through collective efforts like these that we can truly make a difference. #FentanylCrisis #CounteringCartels #DEA #DEAPartnership #PublicPrivatePartnerships #NationalSecurity #SavingLives #ABA #ABABSA

CNJG is starting to get some unwanted attention. Experts and former DEA agents are raising their concerns over the recent collaboration between Mexican and Chinese organized criminal groups, arguing that this could pose a potential national security threat to the United States. Ray Donovan, a federal drug agent, found in 2015 that Chinese criminal groups were laundering drug money for the Mexican cartels on an unprecedented scale. With the help of investigators, he later found that the same Chinese brokers who were laundering fentanyl proceeds were now heavily involved in marijuana trafficking across the United States as well. This scheme has exponentially increased the profits of the two Mexican cartels fueling the fentanyl crisis in the U.S. — the Sinaloa and CJNG. The vast amounts of funds involved also raises national security concerns, according to experts and U.S. lawmakers. https://lnkd.in/gP5-x_qi

Swiss trading giant Gunvor S.A. fined $661 million for the bribery scandal! In a shocking revelation, Gunvor was caught bribing Ecuadorian officials for insider information on oil contracts. Over eight years, over $97 million was paid through shady intermediaries and shell companies. Read the full story here: https://bit.ly/3Pozm3h #Corruption #BriberyScandal #BusinessEthics #CPNBlog #BlogPostoftheDay