News Briefing – Week of 1 February

Nigerian Vice President, Yemi Osinbajo, has accused a number of prominent Nigerians of “cooling down” the war against corruption that President Muhammadu Buhari has undertaken after his election. Osinbajo declared that, despite the pressure made by some members of the Nigerian elite, the administration will keep focusing on the needs of the masses.

The Argentinian newspaper “La Voz del Interior” has recently published a study by the Catholic University of Argentina on how violence, addiction, and perceptions of insecurity have been increasing in areas of the country affected by drug trafficking.

President Muhammadu Buhari has taken the first steps for the establishment of Bureau for Money Laundering Control (BMLC).
The institution will ensure that all businesses and professions comply with the provisions of the money laundering act and exercise supervision.

US Ambassador in Guyana announced that the Drug Enforcement Agency (DEA) woul soon open its first office in the country. According to the US authorities, Guyana is a major point for traffickers who smuggle drugs from Latin America to the US.

AIRCOP project completed Operation COCAIR V, an international anti-drug trafficking operation funded by the European Commission under the Cocaine Route Programme. Thise operation which took place in 30 countries from Africa, Latin America and the Caribbean, the WCO Regional Intelligence Liaison Offices, and INTERPOL has seized substantial amounts of illicit drugs, cash and other illegal goods.

According to the DEA, Islamist group Hezbollah is laundering money for a Colombian crime syndicate. The Lebanese movement is allegedly using the “black peso money laundering system,” set up by the Medellin Cartel to launder drug trafficking profits through money exchange offices in Colombia and abroad.

The European Commission has presented an Action Plan to strengthen the fight against the financing of terrorism. The Plan has the objectives of preventing the movement of funds, identifying terrorism funding, and disrupting the sources of revenue for terrorist organisations.