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London and Kuala Lumpur, 14 October 2019 – The International Chamber of Commerce International Maritime Bureau’s (IMB) report for the third quarter of 2019 demonstrates fewer incidents of piracy and armed robbery against ships than the first nine months of 2018.
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Major financial institutions in the United Kingdom will invest £6.5 million to reform the country’s Suspicious Activity Reporting (SAR) regime used to alert authorities about potential money laundering and terrorist financing.
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London and Kuala Lumpur, 8 July 2019 – The seas around West Africa remain the world’s most dangerous for piracy, the International Maritime Bureau’s (IMB) latest report reveals. Of the 75 seafarers taken hostage onboard or kidnapped for ransom worldwide so far this year, 62 were captured in the Gulf of Guinea – off the coasts of Nigeria, Guinea, Togo, Benin and Cameroon.
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A high-level meeting on piracy and armed robbery in the Gulf of Guinea has shone the spotlight on the need for urgent action to ensure the safety and security of seafarers transiting the region.
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Last month the United States Treasury Department’s Office of Foreign Assets Control (OFAC) announced it had reached a US$639 million agreement with a financial institution to settle alleged breaches of US economic sanctions.