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Weekly Round-Up, 3 September – 21

In the “Weekly Round-Up” we summarise and give extra reading suggestions for some of the past weeks financial crime news headlines, powered by Acuminor’s crime universe ThreatView®.

There has been increased reporting on violent crime across Latin America during the past week. Three articles from the organisation InSight Crime are well worth digging into for further understanding.

“Novo cangaço”

Earlier this week in Brazil, we were given an insight into what has become known as “Novo cangaço” (new struggle), when a violent large scale bank robbery occurred in the city of Araçatuba. Civilians were used as shields, strapped on getaway cars, with no regard for their lives. The term “cangaço” refers to a period in the 1920s and 1930s when roaming bandits were active in parts of Brazil.

Insight Crime – The Descent into Madness of Brazils Bank Robberies

Express kidnapping

Another story from Brazil highlights how new payment solutions are being used in, so-called “express kidnappings”, where an instant money transfer mobile app is used to speed up the kidnapping process.

Insight Crime – Express Kidnappings in Brazil’s São Paulo Accelerate with Instant Pay App

Remittance payments

From Mexico, there are concerns how the movement of criminal proceeds may have adapted to border closures and lockdowns during Covid-19. As reported earlier, organised criminal groups have been stockpiling illicit proceeds in cash due to the lack of couriers to move cash between countries. Now Mexico is reporting a record level of remittance payments, a payment channel often misused by criminal groups and where remittance payments are flowing from the USA into Mexico.

Insight Crime – Record Remittances from US to Mexico Raise Money Laundering Concerns

At Acuminor, we love sifting through and understanding information and making our findings accessible to fellow crimefighters. We also love to continuously build tech, embrace our inner nerds, and see what we can develop to channel information and tools for scaling capacities. Something new will be released in the upcoming weeks, and I’m leaving you with a bit of a cliff-hanger here but keep an eye out. Until you can dive into our newest project, head over to Threat View for in-depth insights into our expanding crime universe.