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Red ALERT - Gold-based Financial and Trade Sanctions Circumvention


This Red Alert is issued by the National Economic Crime Centre (NECC), a multi-agency unit in the National Crime Agency (NCA), HM Treasury’s Office of Financial Sanctions Implementation (OFSI) and the Foreign, Commonwealth & Development Office (FCDO), working in conjunction with law enforcement and financial sector partners as part of the Joint Money Laundering Intelligence Taskforce (JMLIT).

The JMLIT is managed in the NECC and was established to ensure a more collaborative approach between law enforcement and the banking and wider private sector.

This Alert is devised with the aim of promoting awareness and bringing about preventative action.

It is recommended you use this Alert to complement existing knowledge and support ongoing improvements to your business processes and procedures.

Date: November 2023 Reference: 0731-NECC



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