Trade-Based Money Laundering: Trends and Developments

Trade remains weakly regulated for money laundering in-spite of widespread evidence of its vulnerability and use. Trade-based money laundering (TBML) trailed the pandemic, with numerous counterfeit COVID-19 equipment being sold, alongside fraudulent transactions, phantom shipping of goods and misinvoicing. To ensure long-term guidance, the FATF, in partnership with the Egmont Group of Financial Intelligence Units (Egmont Group), […]