Trade-based money laundering has become one of the primary methods of funds transfer for criminal organizations and sponsors of terrorism. Stronger banking regulations have made this method more attractive as the funds can be hidden within seemingly legitimate trade activity. The TBML/FT typology can...
At the same time, trade finance presents unique opportunities for criminal exploitation, also referred to as Trade Based Financial Crime (TBFC). The inherent risks of trade finance are high and include money-laundering considerations, potential sanctions violations, the vulnerability of cross-border ...