US report highlights prevalence of trade-based money laundering
A new report from the US Congressional Research Service highlights the prevalence of trade-based money laundering (TBML) and outlines some of the ways the US is seeking to curtail these illicit financial flows.
The report, Trade-Based Money Laundering: Overview and Policy Issues, explains how TBML schemes vary in complexity but typically involve misrepresentation of the price, quantity, or quality of imports or exports.
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