said trade-based money laundering was always likely to thrive as other methods became harder to employ. “We are using cash a lot less these days, and various national lockdowns have made it harder for criminals to move cash across borders,” he pointed out. ...
Trade-based Money Laundering also known as TBML is the newest form of Money Laundering and is known to cause a loss of billions of dollars annually throughout the world. Many trade finance professionals from the private sector banks are benefited due to this program. ...