A key finding of the report is that greater awareness about all aspects of the trade process would likely increase opportunities to detect and disrupt TBML.
The FATF (Financial Action Task Force), in collaboration with Egmont Group, has released a new report to help the public and private sector with the challenges of detecting trade-based money laundering (TBML).
“International trade networks can attract criminals and terrorists financiers who exploit the interconnected supply chains to launder the proceeds of TBML-based money laundering is difficult, particularly when there is a lack of understanding of this technique.” Read the complete article HERE.
