This paper identifies red flags signalling illicit virtual asset activity through analysis between 2023 and 2024. These red flags will help enhance the financial services industry’s understanding of illicit virtual asset activity and highlight concerns and considerations to ensure resilience.

This resource provides an overview of financial crime risks associated with illicit tobacco activity and highlights indicators. It draws on international observations to support law enforcement efforts, by outlining how illicit tobacco activity generates and launders criminal proceeds, why it matters, and how it can be identified.