Legal entities and real estate. Both can be used by criminals to launder their illicit assets. This case also involved financing from abroad, which can also be a way to conceal the origin of money.

In the aftermath of the unjustified invasion of Ukraine by the Russian Federation (Russia), the financial intelligence units[1] of the Netherlands (FIU-NL) and Canada (FINTRAC) received reports from a variety of sources describing the suspected illegal export, or attempted export, of dual-use goods to Russian end-users in violation of current sanctions or export control-related legislation.

We can’t emphasize enough how valuable the reported unusual transactions (UTRs) reported by obliged entities are.